Leasehold Motel Price Reduced

Christchurch City

$620,000

Proposed Usage
Other Businesses for Sale
Description:
Property ID
1brg3qp





Price drastically reduced! Very motivated vendor wants to sell soon.

High profile being located on a main arterial route, in the northern area of Christchurch.

Well established and well presented, this motel is genuinely offered for sale for family reasons.

17 spacious units with a good mix of versatile studio and one bedroom units, with some which interconnect when required.

Handy to a busy mall with cafes and restaurants nearby. Also close to St Bede's college and also quite handy to Burwood Hospital which provides specialist older persons health, orthopaedic surgery and rehabilitation services.

Easy commute by car to city and other shopping centres, with a good bus service in front of motel. Christchurch International Airport and other facilities also within easy reach.

There is a secure lease in place with 2 renewals available, each of 10 years.

During their time in the motel the current owners have done extensive maintenance and refurbishment, especially over the last 2 years.

Together with the location, the presentation, a good base of regular guests and a good lease this business represents a great opportunity for new owners.

Website: http://www.northlandsmotel.co.nz/niabbs5/

Call Sally now for more information.
Ref: CS00029
Timestamp: 20171120054604

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