Ad ID: 56350

Motels for Sale Ilam Christchurch

Christchurch: Blue Chip Real Estate – Outstanding Opportunity: Price by Negotiation

Business Description

Motels for Sale Ilam Christchurch

Directly opposite the University of Canterbury, this property occupies a prime wide frontage site of 7092m2 zoned L1 & L2. The motel business currently operates with 24 units plus a manager’s residence. Also there is a street frontage building consented for public use as a licensed café plus separate office. Resource consent has been obtained to subdivide all units, including the café building and residence, to fee simple titles. The business shows a healthy profit.

Included in the sale are plans and resource consents for the construction of a further 39 motel units at the rear of the property.  The completed development would provide 65 units, extended café with parking and a manager’s residence. Alternative uses could be considered given the prime real estate location.

Business Resources

It is not often that such a large parcel of absolutely first-class real estate comes to the market. With a number of options available, this is an opportunity not to be missed.

We would welcome your enquiry on this motel property for sale in Christchurch via this website or by phoning KELVYN COFFEY on 0800 263339, DDI +64 3 550 0459 or +64 274 320 565. 

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