High Quality Motel Lease Riccarton Road
About this business for sale in ChristchurchHigh Quality Motel Lease Riccarton Road
The current owners are ready to retire, therefore are selling a really nice 15 unit motel in this popular location. This offers a really great opportunity to buy a motel business which is maintained and furnished throughout to a very high level. The grounds, the motels and the managers’ home are immaculate.
As well the motel is located in one of the most popular locations being close to a large shopping mall and having a good range of cafes, bars and restaurants very nearby, and an easy 5 minute drive to city centre and 15 minutes to Airport.
Also within an easy distance from Canterbury University, Christchurch Hospital, Hagley Park, the Botanical Gardens and many other attractions and amenities.
Following a quieter period over the last 2 years it now seems that Christchurch once again is starting to attract more visitors, which offers a great opportunity for a new owner to bring the business to its full potential.
- Good selection of superior motel units.
- Good mix of studios, one bedroom units and two bedroom units.
- One of the best locations, good profile from street.
- Great selection of shops, cafes, bars etc nearby.
- 20 years remaining on lease, expires 31 October 2038
- Motels, managers and managers’ house maintained to a very high standard
- Quality chattels throughout
- 15 spacious and modern units
- Superb managers’ house, 3 bedrooms plus a separate lounge.
- Member of the successful Asure Motel Group.
If you are looking for a high quality motel, contact Sally now for more information.
To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.
***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 21 988 138
*Profit: 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.