Ad ID: 74789

Motel and Apartment Accommodation for Sale Christchurch

Strong Performance, Outstanding Returns!

Location:
Asking:
$1,395,000

Business for Sale Description

Motel and Apartment Accommodation for Sale Christchurch

If you’re seeking a special motel business, you need to consider this strongly-performing larger accommodation option in central Christchurch. Sixteen motel units and seven 2- & 3-bedroom apartments provide guests with an excellent range of accommodation options. A 3-bedroom, 2-bathroom, very comfortable Manager’s residence completes the picture.

The exteriors of the modern buildings have recently been re-plastered, and repainted inside and out. The apartments have been refurbished, and have newly double-glazed windows and doors, and new bathrooms. Motel units are also presented to a very high standard.

This motel/apartment business has a long lease in place, with over 29 years left to run, providing a tenant with excellent security of tenure.

This business provides an outstanding opportunity for a purchaser because:

a. The business is part of a well-known and popular national chain of motels with a very loyal customer base.

b. The recent refurbishment of the apartments and the re-plastering and repainting of the outside of the buildings has resulted in a business where maintenance is up to date.

c. This business has a regular customer base including corporate guests, and good relationships with booking agents.

d. The location of the business is ideal for when the new northern arterial route (currently being constructed) is completed, as this will channel prospective guests to the business.

e. The proposed new covered Stadium, refurbished Christchurch Town Hall, and the new Convention Centre are all within reasonable walking distance.

This business has come to the market because our Vendors have reached the stage of seeking semi-retirement and wish to move forward with their plans. We strongly recommend Purchasers to consider this strongly-performing, well-presented and well-located accommodation complex which we believe has excellent future potential. Call now!

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Harcourts Grenadier RE Ltd.
For more info
Contact:

Athol McCulle

Athol McCully
0274338052
Harcourts Grenadier RE
Licensed REAA 2008
Broker Ref: CIC48476

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