Motel for Sale Rangiora
Motel Leasehold Huge Price Reduction
Business for Sale Description
Motel for Sale Rangiora
Due to serious health issues within the family, the owners have now offered this 13 unit motel for a much reduced price. It needs to be sold as soon as possible.
The sale is for the leasehold (or business) of the motel.
The motel complex consists of 13 units, with 6 studios, 5 one bedroom units, and 2 two bedroom units.
The managers’ accommodation is a comfortable 2 bedroomed flat which has internal access to the adjoining reception office, and there is a well laid out carparking area with access to and from Percival Street, which is on the route SH 71 into Rangiora.
The motel had been taken off the market recently to do maintenance and upgrading
The owners are currently having the interior of the units repainted, and then continuing with a regular program of replacement and upgrades.
The business grew rapidly following the earthquakes partly due to displaced people needing accommodation, and also tradespeople working in the area. Now that life in the area is more normal again, the occupancy are still reasonable steady, with much repeat and referred business from trades-people, corporate clients and visitors to the area. But the turnover is lower mainly due to the owners reducing the tariff as they felt the rooms needed upgrading.
Lilybrook Motel has a good profile being on one of the very busy arterial routes into Rangiora from Christchurch and is handy to the fast growing business centre with a great range of shops, cafes and restaurants, with even more new businesses opening. The town also has a newly developed cinema complex with 3 “state-of-the-art” digital cinemas.
Rangiora is one of the fastest growing towns over the last 6 years and is attracting many good businesses and residents. Another good source of guests for the motel could be from family members who are visiting their relations who live in one of the retirement villages and resthomes in Rangiora, including one very large new retirement village with hospital facilities that is currently being completed.
Also the township and the surrounding areas have many public events each year and these as well as many other varied attractions in the area are attracting increasing numbers of visitors.
See following link for more information about Rangiora. https://en.wikipedia.org/wiki/Rangiora
Due to the urgency of this sale the owners are prepared to consider all reasonable offers.
To find out more, go to www.linkbusiness.co.nz/CS00028 and press the “Enquire Now” button to complete an online confidentiality agreement.
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.