Large 18 Unit Motel on Main Road.
Christchurch ref. 1804
Large 18 Unit Motel on Main Road.
Lease $695,000

Situated on the main southern route into Christchurch, this 18 motel complex is ready to take advantage of the shortage of accommodation beds in Christchurch.  There is an opportunity to benefit from the huge influx of earthquake related industry and accommodation requirements by meeting the demand now and having a few years to cultivate repeat clientele.

The owners accommodation is a real bonus here with three large bedrooms and three bathrooms The well positioned reception area has a large adjoining office with good access from living to reception.

Minor earthquake related cracking on site will ensure that the property will be repaired and repainted, this coupled with new carpets and good quality chattels, the complex will be well presented and the maintenance will be minimal for the next few years.

The price reflects lower income over the last two years but the revenue for the last five months shows the true potential of this property and is well worth serious consideration.

SOLD BY COFFEYS

We would welcome your enquiry on this motel for sale in Christchurch via this website or by phoning INKY STOVE on 03 550 0471 or 021 182 6940.

 


Large 18 Unit Motel on Main Road. Large 18 Unit Motel on Main Road. Large 18 Unit Motel on Main Road.

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