Ad ID: 56321 Inactive

Motel for Sale Christchurch

Cherry Tree Motel

Price on Application

Business for Sale Description

Motel for Sale Christchurch

Tenure : Leasehold
Motel size : 19 rooms plus three bedroom owners apartment
Location : Prime profile location near to restaurants, Hagley Park, the hospital and Riccarton Mall.

A complex with size and position on it's side, the Cherry Tree Motel is currently operated by one owner. Guests love it's convenient location, ample car-park with access off Riccarton Road and Darvel Street. The configuration is fifteen studio units plus four one bedroom units. All have kitchens and there is a spa pool on-site for guest use as well as a guest laundry. The owners apartment has the ability to utilise one guest room during busy times.

This is a solid performer with some further scope plus the added attraction of the next rent review not until July 2018 and every three years after that.


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