Ad ID: 69924 Inactive
9 Unit Motel for Sale Christchurch
Great Lease Priced To Sell In Central Christchurch
Business for Sale Description
9 Unit Motel for Sale ChristchurchThis centrally located 9 unit motel is a well established complex in a garden setting and close to all amenities. It offers position, profit and potential for the astute buyer.
Winner of a Trip Advisor Travellers Choice award for 2018 the business has a long lease and there are further opportunities to grow its already healthy performance.
The good mix of one and two bedroom units and studios is complemented by an owners\' residence which has 3+ bedrooms and 2 living areas. There is an opportunity to reconfigure the residence to create one or more extra motel units.
Already well positioned near the city centre the motel is ideally located to take advantage of completion of the new Northern Corridor as well as upcoming new developments nearby including:
- New Convention Centre and Arts precinct
- Rebuild of the Christchurch Town Hall
- New Christchurch Stadium
- Development of the Avon River/ Red zone area
This is an excellent and rare opportunity, especially in this price range. If you are considering entering the hospitality industry, it is enjoying the benefits of robust tourism growth and with the exciting development of Christchurch, now is the time to do it.
We would welcome your enquiry on the Business Lease at $475,000 of this motel for sale in Christchurch via our website or by phoning INKY STOVE on 0800 263339, DDI 03 550 0471 or 021 182 6940.