Ad ID: 62411

Motels for Sale Merivale Christchurch

This very versatile 22-unit complex has the power to meet most accommodation requirements. It is situated on the city end of Papanui Road so is close to the new developments of the CBD.

Location:
Asking:
$979,000
Business Lease for Sale

Business for Sale Description

Motels for Sale Merivale Christchurch

It is also very handy to all the major hospitals, shopping malls and Hagley Park.

The owner’s accommodation is currently presented as 3 bedroom but a 4th bedroom has been converted to a changing room, so could be reinstated as a bedroom if required.

After the earthquake, this building was repaired to 100% of the current building code. With its tasteful refurbishment and the addition of new heat pumps in all the larger units, it is ready for increases in tourism and hospitality.

This very versatile 22-unit complex has the power to meet most accommodation requirements. It is situated on the city end of Papanui Road so is close to the new developments of the CBD. It is also very handy to all the major hospitals, shopping malls and Hagley Park.

The owner’s accommodation is currently presented as 3 bedroom but a 4th bedroom has been converted to a changing room, so could be reinstated as a bedroom if required.

After the earthquake, this building was repaired to 100% of the current building code. With its tasteful refurbishment and the addition of new heat pumps in all the larger units, it is ready for increases in tourism and hospitality.


Business Resources

This business has been performing very well and is in a great position to take advantage of a growing requirement in hospitality demands. A new 30-year lease will be part of this package.

A great time to enter the hospitality industry with a high-powered property, do not miss this opportunity.

We would welcome your enquiry on this motel for sale in Christchurch via this website or by phoning INKY STOVE on 0800 263339, DDI 03 550 0471 or 021 182 6940.


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Coffeys Tourism Property Brokers Ltd
For more info
Contact:

Inky Stove

Kelvyn Coffey
03 550 0471 or 021 182 6940
Phone: Inky Stove or 021 182 6940
Coffeys Tourism Property Brokers Ltd
REAA 2008
Broker Ref: 1184

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