75 Bealey Avenue Christchurch, Christchurch Central, South Island
For Sale Bellano Motel - Land & Buildings Commercial Investment – Central Christchurch
SOLD
Business Description
Bellano Motel Suites presents an extremely rare central Christchurch investment opportunity in the tightly held South Island accommodation sector.
An attractive, modern complex situated on one of the Golden Motel Miles…
Positioned in the heart of the city also provides any astute investor the added security of premium real estate with Location, Location, Location!
This is truly a real gem of a property and built by one of the most experienced Motel Developers in the South Island, consisting of 14 well thought out executive style units and a large managers residence situated on a lovely landscaped prime inner-city section.
With a favourable Lease in place this Commercial Investment should provide an attractive rental return for any investor looking for a premium property with good yield.
What we like:
- Main arterial route frontage.
- Contract rental income currently $180,000 + Opex + GST.
- Favourable Rent Review Valuation.
- Motel Lease Commencement Date 8/1/2008 Term 35 Years.
- Modern high-quality property.
- Rating Valuation: $3,570,000
- Land Area: Circa 1090 sqm.
- Building Area: Circa 654 sqm
- Detailed Engineering Evaluation 73% NBS ( Qualitative Assessment ).
- Completion of recent maintenance schedule.
- Good historic turnover levels.
- www.bellanomotel.co.nz
With a genuine long-term investor retiring from the industry, we see this as a great opportunity to secure this outstanding Commercial Property, that is underpinned by Prime Real Estate.
Detailed Property Information Memorandum available upon request.
We welcome all enquires so ACT FAST to secure this gem! For more information and to explore this investment opportunity, contact specialist Business Broker Adam Berry, AREINZ, on ---------- or email ---------- .
Business Summary
Key Investment Insights
Key insights for this business for sale listing include:
1. Rare opportunity in the tightly held South Island accommodation sector.
2. Modern, attractive complex with 14 executive style units and a large manager's residence.
3. Prime inner-city location providing added security and potential for high rental returns.
4. Favourable lease in place with a current rental income of $180,000 + Opex + GST.
5. Main arterial route frontage and favourable rent review valuation.
6. Modern high-quality property with a detailed engineering evaluation of 73% NBS.
7. Completion of recent maintenance schedule and good historic turnover levels.
8. Land area of approximately 1090 sqm and building area of approximately 654 sqm.
9. Detailed Property Information Memorandum available upon request.
10. Opportunity to secure a premium property underpinned by prime real estate.
11. Genuine long-term investor retiring from the industry.
12. Contact specialist Business Broker Adam Berry for more information and to explore this investment opportunity.
