Ad ID: 80039
14 Unit Motel for Sale Christchurch
FHGC Opportunity in Central Christchurch
Business for Sale Description
14 Unit Motel for Sale ChristchurchBuilt in 2006, this 14-unit property is situated on Bealey Avenue, close to the CBD and the new and existing private hospitals. All units have quality chattels and fittings.
The 2016 rateable value is $2,460,000 for the land and buildings only, with no allowance for the value of the business.
Alternatively, the present lease option can be purchased for $650,000 and still has 24 years left to run.
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.
A FHGC purchaser would have the option to operate for a few years until the market settles down and then to sell off the lease and retain a very good investment property.
We would welcome your enquiry on the Land, Buildings & Business at $2,850,000 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.
Interested In This Opportunity?