0800 263 339

Superbly Positioned, High Powered Motel Lease

Christchurch Central
Reference: 1185
Motel / Motor Lodge
Business Lease $650,000

This very versatile 22-unit complex has the power to meet most accommodation requirements. It is situated on the city end of Papanui Road so is close to the new developments of the CBD. It is also very handy to all the major hospitals, shopping malls and Hagley Park.

The owners accommodation is currently presented as 3 bedroom but a 4th bedroom has been converted to a changing room, so could be reinstated as a bedroom if required.

After the earthquake, this building was repaired to 100% of the current building code. With its tasteful refurbishment and the addition of new heat pumps in all the larger units, it is ready for increases in tourism and hospitality. The rebuild has been steady but is building in momentum and with an increase in tourism numbers and a return of people after the effects that the Kaikoura earthquakes, the future looks promising.

This business has been performing very well and is in a great position to take advantage of a growing requirement in hospitality demands. A new 30-year lease will be part of this package.

A great time to enter the hospitality industry with a high-powered property, do not miss this opportunity.

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 Business Lease at $650,000 of this motel for sale in Christchurch via this website or by phoning INKY STOVE on 0800 263339, DDI 03 550 0471 or 021 182 6940.
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Inky Stove

Inky joined Coffeys after spending over 20 years in the hospitality industry. The first five years were managing a group of four hotels and the last 15 successfully running his own hotel, where he was the longest standing publican in a hotel that was first opened in 1867.

Many changes in regulations in this industry has required lateral thinking and creative actions to stay competitive.  It is this philosophy that Inky brings to Coffeys along with outstanding service to his clients, which has been the cornerstone of his success in the industry. 

Inky and his wife Paulette have raised two sons and two daughters and have six grandchildren.  His leisure activities include rugby, cricket and golf, as well as family and friends.

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