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 close to Riccarton Mall, Christchurch Public Hospital, Addington Raceway and Christchurch Railway, supporting steady customer demand.
2. Proximity to restaurants, cafes and diverse shopping within walking distance, enhancing guest convenience and incidental revenue potential.
3. Near Hagley Park and Parakiore Recreation and Sport Centre, offering leisure appeal for tourists and families.
4. 18-unit motel with modern chattels throughout, reducing immediate capital expenditure on furnishings and appliances.
5. Mixed unit configuration: studio, one-bedroom and two-bedroom units, enabling appeal to corporate travellers, families and larger groups.
6. Three studio units feature spa baths, targeting higher-yield corporate or leisure guests seeking upgraded amenities.
7. On-site three-bedroom, two-bathroom manager’s residence with ensuite and adjoining office, supporting owner-operator convenience and on-site management.
8. Long-term high-performance potential explicitly stated, indicating established market positioning and operational viability.
9. Confidentiality requirements and an available Information Memorandum suggest a structured sale and further due diligence documentation.
10. Direct contact point provided (John Connelly) and downloadable IM via coffeys.co.nz, simplifying enquiry and initial transaction steps.
