0800 263 339

Prime and Rare Central City Investment Opportunity

Christchurch City
Reference: CA667
Investment Property
Land and Buildings $3,250,000

A rare find for sale in the central city. The current freehold owner is very happy with the business and will enter into a very long-term lease back arrangement at a good market return.

Location is the key, situated in the heart of the city within short walking distance of so many of Christchurch's favourite attractions.

Built of the strong native timbers Kauri and Totara, the property is a Heritage Grade II-listed Victorian mansion originally constructed in 1874 for Rev.James West Stack, a missionary, clergyman, writer and interpreter.

The homestead contains a total of six guest rooms of various size & configuration. Additionally a block of eight modern motel units is situated at the rear of the property.

The "new normal" post Covid environment is very healthy for accommodation providers, particularly in Christchurch. The first post Covid year to March 2023 broke all previous records, that is until those figures were further improved upon again for the year to March 2024. With the ramping up of international connections to Christchurch International Airport and the impending completion of further major sporting and entertainment infrastructure in the city, has there ever been a better time to buy an accommodation business in Christchurch?

Opportunities in such a prime location as this don't come along very often, so now might be the time to make a move.

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. Photos of the property are file photos.

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 Land and Buildings of this B&B and 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.

Kelvyn also sits on the Industry Advisory Group to the Real Estate Authority for Business Brokerage. 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 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. When time permits, hobbies include cycling (no lycra), snowboarding, photography, reading and hi-fi.

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