CHRISTCHURCH MOTEL FOR SALE

Property ID: 11238829

Welcome to Cherry Tree Motel Lodge, 12 Riccarton Road, Christchurch

A change of ownership is on the horizon for both freehold and leasehold hence an excellent chance for the next motel investor/s to invest in this unique special motel in Christchurch.

Via its ongoing relationship with local and international business networks, this modern and well-appointed motel experiences a stable occupancy rate comprised of a corporate clientele who favour its central 'golden mile' location.

Attractive street frontage with high volume passing traffic attracts a plentiful supply of walk-in guests while an informative user-friendly website maintains a strong on-line presence.
Primely positioned only 9 minutes from the CBD, 15 minutes from the airport with proximity to Christchurch's eateries and entertainment, guests also benefit from easy drive-on access, abundant parking, spa and laundry facilities.

Comprising 19 fully self-contained units (15 studio + 4 one bedrooms units) and a three bedroom manager's residence, the set up is ideal for a couple or family run venture.

A consistent performer with future development potential and a rent review not scheduled until July 2018 and thereafter every three years.

A sensational lifestyle opportunity or portfolio investment for the seasoned entrepreneur. BE QUICK.

Address 12 Riccarton Road, Christchurch
Land Area 1384 square meters
Floor Area 580 square meters
Units 19 + 1 units + 3 Bedroom Accommodation (Managers)
Car Parks 20
Current Zoning Business/Residential
Price By Negotiation
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