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298 Riccarton Road, Riccarton, Canterbury

Leading "Golden Mile" Freehold Passive Investment Motel

Modern 18-unit motel, well-located in Christchurch's motel "golden mile" in Riccarton Road. Excellent unit configurations from studios to three-bedroom units cater for a wide range of guest accommodation requirements. Conveniently close to the University of Canterbury, shopping centres, with a public bus stop at the gate offering a regular service to Westfield Riccarton Mall, and the city centre.
The Manager's residence has 3-bedrooms and two bathrooms. An excellent website attracts guests, and the business is secured by a long secure lease.
The Riccarton Road area is convenient for guests visiting the central city, as well as Riccarton and Addington racecourses, the Horncastle Arena, AMI Stadium, and the Wigram Airforce Museum. Southern satellite towns such as Lincoln (with its university and research centres), Prebbleton and Rolleston, are also relatively handy.
Christchurch is the South Island's largest city with a population of approximately 400,000. It is regarded as the gateway to the South Island, with regular flights from Australian cities, Singapore, and China bringing visitors to Christchurch.
Here is a truly rare opportunity to purchase an attractive freehold motel property in such a prime location, brought to the market because, after many years of ownership, our Vendors have decided to rationalise their investment portfolio. Beat Bank investment rates with this superb property - enquire now to avoid disappointment. Property ID: #CIC57389

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Sold Date

  • 10 October, 2022

Property features

  • Property Type: Tourism / Motel / Hotel

Office

Harcourts Christchurch City Commercial

Licensed under REAA 2008

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Est. bond $1920

Sold Property

298 Riccarton Road, Riccarton, Canterbury

Leading "Golden Mile" Freehold Passive Investment Motel

Modern 18-unit motel, well-located in Christchurch's motel "golden mile" in Riccarton Road. Excellent unit configurations from studios to three-bedroom units cater for a wide range of guest accommodation requirements. Conveniently close to the University of Canterbury, shopping centres, with a public bus stop at the gate offering a regular service to Westfield Riccarton Mall, and the city centre.
The Manager's residence has 3-bedrooms and two bathrooms. An excellent website attracts guests, and the business is secured by a long secure lease.
The Riccarton Road area is convenient for guests visiting the central city, as well as Riccarton and Addington racecourses, the Horncastle Arena, AMI Stadium, and the Wigram Airforce Museum. Southern satellite towns such as Lincoln (with its university and research centres), Prebbleton and Rolleston, are also relatively handy.
Christchurch is the South Island's largest city with a population of approximately 400,000. It is regarded as the gateway to the South Island, with regular flights from Australian cities, Singapore, and China bringing visitors to Christchurch.
Here is a truly rare opportunity to purchase an attractive freehold motel property in such a prime location, brought to the market because, after many years of ownership, our Vendors have decided to rationalise their investment portfolio. Beat Bank investment rates with this superb property - enquire now to avoid disappointment. Property ID: #CIC57389

Property Features

  • Property Type: Tourism / Motel / Hotel

Sold Date

  • 10 October, 2022

Athol McCully B.Agr.Sc. Harcourts Christchurch City Commercial

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Harcourts Christchurch City Commercial

Office Harcourts Christchurch City Commercial Licensed under REAA 2008

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