Ad ID: 69462
14 Unit Motel Complex for Sale Christchurch
Very sound investment property in Christchurch
Business for Sale Description
14 Unit Motel Complex for Sale ChristchurchBuilt in 2006, this 14 unit property is situated on Bealey Avenue, close to the re-built CBD. All the units have quality chattels and fittings, and the current operator still has 25 years left on their lease.
A recent valuation completed in June 2017 suggests a value of this property at $2,350,000 with a suggested rental of $147,000. The 2016 rateable value is $2,460,000. The current rent is $140,000, with the next rent review due October 2018.
Land and Buildings options a very hard to come by and one with an asking price lower than a recent valuation is very rare. We currently have a very strong tourism climate with record number of visitors coming to our country. Christchurch will develop further as the big ticket items such as the conference centre and the new sporting stadium are completed so the future looks very bright for the hospitality industry.
Don\'t miss this investment opportunity.
We would welcome your enquiry on the Land & Buildings at $2,300,00 of this investment motel for sale in Christchurch via our website or by phoning INKY STOVE on 0800 263339, DDI 03 550 0471 or 021 182 6940.
Interested In This Opportunity?