Coffeys - Tourism Property Brokers ltd. | LREA

30 years in business. 1984 - 2014

FHGC Opportunity in Central Christchurch

Christchurch Central

Reference: 1676

Land, Buildings and Business $2,850,000

Built 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.

Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.

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.

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