Central Christchurch, Christchurch Central, Canterbury

Quality modern two-storeyed 11-unit motel, set in a highly-visible prime Riccarton location close to Westfield Riccarton Mall, and close to Deans Bush, a New Zealand native bush woodland area. There is also a very comfortable 3-bedroom, 2-bathroom Manager's residence with a private courtyard area. The reception area is adjacent to the downstairs living area, and there is excellent car-parking available.
This motel has a massively reduced annual rent secured by a Variation of Lease which applies until the end of 2024, providing a Purchaser with an unequalled opportunity to make excellent profits.
The location, along with the modern motel offering, makes this motel a popular destination for guests visiting Christchurch. The motel boasts an economical heating option. This motel complex was constructed under the supervision of experienced moteliers who had the motel architecturally designed and built to a high standard, while incorporating features to make the business more easily managed. The fit-out is of a high-quality standard, with double glazing and quality bathroom and kitchen fittings. The car park has attractive garden plantings to complement the building.
This motel has performed well since its establishment because of its location and accommodation offering - there is no substitute for the combination of location and luxury, now attractively added to by the low initial rent.
The motel has a good lease term remaining, providing security for a Purchaser. The motel units have recently been repainted and recarpeted, which means that a Purchaser will not have any immediate maintenance concerns.
This is a rare opportunity to secure a modern quality motel in a key location at a time when borders are re-opening and tourism is returning to New Zealand. Take advantage of this outstanding opportunity while enjoying low rent - make it yours! Property ID: #CIC57393