Ad ID: 76052 Inactive
10 Unit Motel for Sale Christchurch
Rare and Affordable Motel Investment Opportunity
Business for Sale Description
10 Unit Motel for Sale ChristchurchThis a rare opportunity to secure the freehold investment of a well-located Christchurch motel in this price range.
Leased for 35 years from July 2015, the owner receives a net rental with the tenant responsible for the outgoings, including rates, insurance and repairs and maintenance.
Significantly increased commercial activity in the immediate area promises a good future for this property.
The complex has 10 units plus a separate standalone owners\' residence with a sunny north facing back yard. The total land area of 1839 sqm affords the luxury of all accommodation being on the ground floor.
The owner\'s residence has two or three bedrooms plus a sunroom depending on how it is used. There is an 11th unit (one bedroom) as part of the residence and this could be either the third bedroom or has been used as an additional unit.
We would welcome your enquiry on the Land & Buildings at $1,330,000 of this Motel for sale in Christchurch via our website or by phoning KELVYN COFFEY on 0800 263339, DDI 03 550 0459 or 027 432 0565.