Christchurch Central, South Island
Modern - High Profile - New Long Lease
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 on the Business Lease of this Motel for sale in Christchurch via our website or direct to JOHN CONNELLY. P: ---------- M: ---------- E: ---------- .
Business Summary
Key Investment Insights
1. New 35 year lease provides long term tenure and operational security for an incoming lessee.
2. Option to acquire the Freehold Going Concern at an asking price of $6 million, signalling a sale path beyond lease only.
3. Recently built post‑earthquake, the motel is one of Christchurch's newest properties, reducing immediate structural risk and compliance concerns.
4. Total refurbishment completed recently, property presented like new and lowering near‑term capital expenditure requirements.
5. 22 well mixed units catering to all market sectors, enabling diversified revenue streams across leisure, corporate and student markets.
6. Prime Riccarton Road location a stone's throw from Bush Inn Shopping Centre and close to Westfield Mall, enhancing convenience and guest appeal.
7. Very short walk to the University of Canterbury, supporting consistent occupancy from students, visiting academics and families.
8. Surrounded by a wide variety of dining options, increasing guest experience and reducing need for on‑site F&B investment.
9. Onsite managers' residence with three bedrooms, three toilets including ensuite, and internal access to a double garage, supporting hands‑on management and staff retention.
10. Positive guest feedback reflected in rave reviews, indicating strong reputation and likely repeat and referral business.
