Price Reduced,One of the Best Motels in Chch Now For Sale
About this business for sale in ChristchurchPrice Reduced,One of the Best Motels in Chch Now For Sale
Leasehold Motel with secured lease.
Appealing modern 16 units, well established Christchurch Motel located on Papanui Road in the heart of Merivale. Offering large, spacious, comfortable, ground floor studio units and a 2 bedroom family accommodation in a beautiful garden setting.
The Owner's residence is a well-designed two storey apartment with 4 bedroom plus a study room and 2 bathrooms.
Fantastic location lies 1.5km from Christchurch city centre and a 10 minute walk to Hagley Park.
Heat pump heated swimming pool and spa pool included for Guests to enjoy their time in the motel.
New oven and the mattresses have been replaced recently as well as new painting completed a couple years ago.
Specialise in catering for hospital guests, corporate travellers and those looking for a wonderful holiday base in Christchurch.
A consistently well performing motel with a diverse client base. Also, this motel has an established number of regular guests from major local businesses.
With the predicted huge increase in tourist numbers visiting NZ and the current exciting redevelopment of Christchurch's city centre, this is a good time for an energetic operator to take over this well-known motel business in Christchurch.
Inquire today, don't miss out on this chance.
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.
+64 3 366 3394
+64 21 0245 2659
*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.