0800 263 339

Priced To Sell In Central Christchurch

Christchurch City
Reference: CA831
Motel / Motor Lodge
Business Lease $360,000

This centrally located 9-unit motel is a well established complex in a garden setting and close to all amenities. It offers position, profit and potential for the astute buyer.

Winner of a Trip Advisor Travellers Choice award for 2018 the business has a long lease and there are further opportunities to grow its already healthy performance.

The good mix of one and two bedroom units and studios is complemented by an owners' residence, which has 3+ bedrooms and 2 living areas. There is an opportunity to reconfigure the residence to create one or more extra motel units.

Already well positioned near the city centre the motel is ideally located to take advantage of completion of the new Northern Corridor as well as upcoming new developments nearby including:

- New Convention Centre and Arts precinct
- Rebuild of the Christchurch Town Hall now completed
- New Christchurch Stadium
- Development of the Avon River/ Red zone area in progress

This is an excellent and rare opportunity, especially in this price range. If you are considering entering the hospitality industry, it is enjoying the benefits of robust tourism growth and with the exciting development of Christchurch, now is the time to do it. Great entry level price.

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 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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