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 this website or direct to JOHN CONNELLY.
Business Summary
Key Investment Insights
1. New 35-year lease offered, providing long-term tenure and income stability.
2. Freehold Going Concern option available at an asking price of $6 million, allowing acquisition of land and business.
3. One of Christchurch's newest motels, built post-earthquake, implying modern construction and compliance with contemporary building standards.
4. Fully refurbished recently and presented like new, supported by rave guest reviews indicating strong guest satisfaction and reputation.
5. 22-unit mix catering to multiple market segments, offering diversified revenue streams across leisure, business and student stays.
6. Prime Riccarton Road location in a sought-after precinct, signalling strong demand and high land value.
7. Immediate proximity to Bush Inn Shopping Centre and short distance to Westfield Mall, enhancing accessibility and guest convenience.
8. University of Canterbury a few minutes' walk away, providing reliable demand from students, visiting academics and families.
9. Surrounded by a wide variety of dining options, improving guest experience and ancillary spend potential.
10. Onsite manager’s residence with three ground-floor bedrooms, three toilets including master ensuite, and internal access to a double garage, supporting professional onsite management and owner-operator flexibility.
11. Some listing details are confidential and require a signed confidentiality agreement to access the Information Memorandum, indicating controlled disclosure for serious buyers.
12. Sale enquiries can be directed via the agent John Connelly or through the vendor’s website, facilitating a clear contact path for prospective purchasers.
