Positioned prominently on The Bay Hill, one of Timaru’s most recognised hospitality and accommodation precincts, the Panorama Motor Lodge offers purchasers an exceptional opportunity to acquire a passive freehold motel asset with enduring construction, strong presentation, and attractive investment fundamentals.
To summarise the highlights:
- 1,470sqm freehold landholding on a high‑profile elevated site
- Two substantial accommodation blocks (Bay Block + Alpine Block)
- Well‑maintained improvements with ongoing refurbishment
- Appealing motel configuration with a mix of studio, one‑bedroom, and two‑bedroom units (21 units in total plus owners townhouse)
- Established tenant of 9 years operating a well‑known accommodation business
- Rental income $252,000 + GST + outgoings
- Buildings at 68% and 100% NBS
- Opportunity to secure a proven freehold investment in a tightly held market
Properties of this calibre on The Bay Hill are tightly held and it is the first time this property has been offered to the open market. With strong location fundamentals, a varied unit mix, plus a reliable tenant, this is an exceptional opportunity for investors seeking quality commercial accommodation real estate.
