Christchurch Central, South Island
Riccarton Well Positioned Motel + 3Bed 2Bath Home
Business Lease $695,000
Business Description
Situated on Riccarton Road close to Riccarton Mall, Christchurch Public Hospital, Addington Raceway and Christchurch Railway, this property has the positioning to be a high performer for a long time.
This complex has modern chattels in all of the 18 units and a mix of unit sizes that will cater for any type of clientele.
Studio units, three of which have spa baths, cater for the large corporate clientele. 2 x two-bedroom and 4 x one-bedroom units cater for families and other larger groups.
Restaurants and cafes along with a huge variety of shopping is all within walking distance, as is the picturesque Hagley Park and Parakiore Recreation and Sport Centre.
A three-bedroom, two-bathroom (master ensuite) manager's residence with adjoining office make this a great place for the operator to enjoy a bit of extra space.
An Information Memorandum is available to download from our website coffeys.co.nz.
Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum.
We would welcome your enquiry via this website or direct to JOHN CONNELLY.
Business Summary
Key Investment Insights
1. Prime Riccarton Road location, within walking distance of Riccarton Mall, restaurants, cafes and extensive shopping.
2. Proximity to Christchurch Public Hospital, enhancing corporate and medical visitor demand.
3. Close to Addington Raceway and Christchurch Railway, supporting event and transit-related occupancy.
4. Easy access to Hagley Park and Parakiore Recreation and Sport Centre, boosting leisure guest appeal.
5. 18-unit motel complex with modern chattels throughout, reducing immediate capital expenditure.
6. Diverse unit mix: studios, four one-bedroom units and two two-bedroom units, enabling varied market segmentation.
7. Three studio units equipped with spa baths, appealing to higher-end corporate or leisure guests.
8. On-site manager’s residence, three bedrooms and two bathrooms with master ensuite, providing secure owner/operator accommodation.
9. Adjoining office to the manager’s residence, supporting efficient onsite administration and operations.
10. Positioned for long-term strong performance, per listing description, due to location and unit mix.
11. Information Memorandum available through vendor website, with additional confidential details released under NDA.
12. Vendor contact named as John Connelly, facilitating direct enquiries.
