It is not often that a freehold going concern motel comes to the market in Christchurch.  The timing of this offering creates all sorts of possibilities for accommodation usage, however the operation as a motel is likely to prosper for the foreseeable future.  The loss of capacity in tourist accommodation in Christchurch, both permanently and temporarily, combined with additional demand due to the earthquake, has made most of the Christchurch motel industry very busy with very strong solid forward bookings.

This complex has 10 units plus a separate three-bedroom owners residence on a land area of 1839m².  There are 2 two-bedroom, 4 one-bedroom and 4 studio units.  A good deal of refurbishment has been undertaken in one of the blocks, including updated bathrooms.

As a motel, this complex provides a good standard of accommodation in its Three Star Plus market and enjoys a good level of patronage under normal circumstances.

Additionally we also have available the adjacent motel as a freehold going concern at a total price of $1,165,000.  This property has nine units plus a four-bedroom owners residence on 1361m².  Also available is the adjacent motor inn comprising 4215 m² with some 18 units plus kitchen and breakfast dining room.  The price is to be advised on this one.  So a total of over 7000 m² of land providing all sorts of potential.

For further information, including a copy of a 2009 valuation report, please be in touch. We would welcome your enquiry on this motel for sale via this website or by phoning KELVYN COFFEY on 0800 263339, DDI 03 550 0459 or 027 432 0565.