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Sold Property
m2
$1,480,000
Adam Berry Harcourts Christchurch City Commercial
Geraldine Motels presents a Rare South Canterbury Investment Opportunity in the tightly held South Island Commercial Property Sector.
An attractive, well presented property that has undergone modernisation, refurbishment and been extended over the years. Comprising 13 units and a Manager's residence on a Large 2152sqm section within close proximity to the busy town centre. A Favourable long term Lease in place with realistic market rent presents an attractive rental return for any astute investor.
Geraldine itself is situated on the main scenic inland route with the region offering many diverse activities and attractions, a strong rural economy and previously voted by Lonely Planet as the prettiest small town in New Zealand.
With a genuine long term investor retiring from the industry, we see this as a great opportunity to secure an affordable investment with attractive yield .
Rental Income $104,000
Motel Lease Term, 24 years remaining.
FHGC ( Land, Buildings & Business ) also available for anyone looking for that Lifestyle & Income opportunity.
We welcome all enquiries so act fast to investigate & secure this gem.
Property ID: #CIC53823
Office
Licensed under REAA 2008
m2
Sold Property
Geraldine Motels presents a Rare South Canterbury Investment Opportunity in the tightly held South Island Commercial Property Sector.
An attractive, well presented property that has undergone modernisation, refurbishment and been extended over the years. Comprising 13 units and a Manager's residence on a Large 2152sqm section within close proximity to the busy town centre. A Favourable long term Lease in place with realistic market rent presents an attractive rental return for any astute investor.
Geraldine itself is situated on the main scenic inland route with the region offering many diverse activities and attractions, a strong rural economy and previously voted by Lonely Planet as the prettiest small town in New Zealand.
With a genuine long term investor retiring from the industry, we see this as a great opportunity to secure an affordable investment with attractive yield .
Rental Income $104,000
Motel Lease Term, 24 years remaining.
FHGC ( Land, Buildings & Business ) also available for anyone looking for that Lifestyle & Income opportunity.
We welcome all enquiries so act fast to investigate & secure this gem.
Property ID: #CIC53823
Adam Berry Harcourts Christchurch City Commercial
Office Harcourts Christchurch City Commercial Licensed under REAA 2008
Whether an owner-occupier or an investor we can help you determine the worth of your current asset. Why not find out with a Property Appraisal, highlighting recent sales and leases, property returns, market insights and more?
$2,890,000 87 Papanui Road, Merivale - Christchurch City, Canterbury
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