Riccarton, 12 Riccarton Road

$650,000  

    TENANTS ON THE MOVE.

    Property ID: 11238829

    A change of ownership as happened and the leasehold is available 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
    Viewing by Appointment Only

    Inspection Times

    There are currently no inspection times for this property.