Christchurch Central, South Island
New Lease Riccarton Rd - 22 Units - High Profile
Business Lease $1,200,000
Business Description
This is an opportunity to acquire a new 35-year lease of one of Christchurch's newest motels, built post-earthquake in this sought after section of Riccarton Road. (The Freehold Going Concern, including the business, is available at an asking price of $6 million.)
A good mix of 22 units catering to all sectors of the market, in a desirable locality a stone’s throw from the Bush Inn Shopping centre and not far away from Westfield Mall as well. The University of Canterbury is just a few minutes' walk away. It is surrounded by a wide variety of dining options.
A good managers' residence for a modern motel such as this, particularly in a relatively high land value area. Three bedrooms all ground floor with three toilets (Master ensuite) and internal access to a double garage.
The complex has been totally refurbished recently, so presented like new and this is reflected in the rave reviews it receives from the happy guests.
Has there ever been a better time to buy an accommodation business in Christchurch?
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. New 35-year lease offered, providing long-term tenure and stability for an investor.
2. Freehold going concern available with an asking price of $6 million.
3. Post-earthquake construction, one of Christchurch's newest motels, implying modern build standards.
4. Total of 22 units, described as a good mix catering to all sectors of the market.
5. Recently totally refurbished and presented like new, supported by rave guest reviews.
6. Prime Riccarton Road location, high profile and in a relatively high land value area.
7. Immediate proximity to Bush Inn Shopping Centre, short distance to Westfield Mall, and surrounded by diverse dining options.
8. University of Canterbury a few minutes' walk away, supporting student, visitor and academic demand.
9. On-site managers' residence with three ground-floor bedrooms, master ensuite, three toilets in total, and internal access to a double garage.
10. Sale process includes an Information Memorandum and confidentiality requirements, indicating formal due diligence and controlled disclosure.
11. Positioned as an opportune time to buy accommodation in Christchurch, as highlighted by the listing.
