Big Profits and Priced to Sell!

Christchurch City
Reference: CA758
Motel / Motor Lodge
Business Lease $380,000

This is a very affordable ingoing price for a large complex. The business has been priced according to a formula producing very high profits and returning the initial capital purchase price within a relatively short time.

Located in the very busy suburb of Addington, in close proximity to the racecourse and the stadium. Being located on a spacious land area of 3,871 square metres affords the luxury of all ground floor units and plenty of parking.

Separate standalone three bedroom managers residence, which flows nicely to the office and work area.

If you are looking for good strong cash flow, this may be what you seek.

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.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.

We would welcome your enquiry on the Business Lease of this Motel for sale in Christchurch via our website or by phoning KELVYN COFFEY on 0800 263339, DDI 03 550 0459 or 027 432 0565.

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Kelvyn Coffey

Kelvyn Coffey has specialised exclusively in the sale of commercial accommodation businesses since 1984, with the forming of a company then known as South Island Motel Brokers Ltd. The business enjoyed success in the industry throughout the 1980's, with expansion of its activities into hotel brokerage (pubs and taverns) and later general business brokerage.

Having sold his interests in that agency, (which still operates today under a different name) he formed this company in 1995. The reason being that he wished to re-focus on specialising exclusively in travellers’ accommodation businesses. In 1996, he was appointed as the South Island consultant to the Motel Association of New Zealand.

For many years, he provided advice and information to Motel Association of New Zealand members as part of the benefit of their membership. MANZ merged with Hospitality New Zealand in 2015. HNZ continues to receive many questions on matters relating to leases, rentals, market trends etc., and he is happy to receive and assist with a steady number of enquiries from the team at HNZ.

In 2024 the Canterbury branch of the Accommodation Sector for Hospitality New Zealand nominated Kelvyn for the Lynn Braddock Memorial Trophy and he was humbled to receive this award at the National Convention in recognition of his contributions to the branch and the industry.

Kelvyn has also sat on the Industry Advisory Group to the Real Estate Authority for Business Brokerage for the maximum qualifying statutory period. The REA is the government body controlling and regulating the Real Estate Industry. They seek advice and feedback from the group, which meets with the authority twice yearly, and consults when required.

From small beginnings in the South Island in 1984, (in those days no one had heard of a specialist “motel broker”), Kelvyn is proud to now run a nationwide company with a brand that is well recognised and respected within the industry throughout New Zealand. He appreciates his good fortune in having been able to build a team of dedicated and professional brokers with support crew second to none.

Kelvyn has seen the economic highs and lows, (a.k.a. a few rodeos), and is happy to share his experience with anyone contemplating entering the business. He lives in Christchurch, happily married to Colleen since 1988, with four (now adult) children. Hobbies include regular brisk walks, snowboarding, gardening, photography, reading and hi-fi.