Price Reduced Leasehold Motel

Waimakariri

$399,000

Proposed Usage
Other Businesses for Sale
Description:
Property ID
1brg3qx





Due to ongoing family commitments, the owners who have been here for almost 3 years, now need to sell as soon as possible and have instructed us to reduce the price! The motel is currently under management.

A leasehold motel, with a long lease and a good income, Lilybrook Motel has a total of 13 units, with 6 studios, 5 one bedroom units and 2 two bedroom units.

The manager's 2 bedroomed flat has internal access to the reception area.

The motel is in a good location, being handy to the many shops, cafes and restaurants that are located in the centre of the vibrant Rangiora township.

Also, the motel is on one of the main thoroughfares into Rangiora which gives it an excellent profile.

A great entry level motel with a very good income for a couple to operate with part time staff.

The Rangiora area has, and is undergoing a huge growth spurt bringing new residents and new businesses to the town. Also there are many events and other nearby activities that are encouraging increasing numbers of visitors to the area. Also there is a new large retirement village with hospital facilities just being completed.

The current owners have developed a good relationship with the many tradesmen and corporate clients as well as other visitors to the area, and are experiencing a lot of repeat and referred business.

Rangiora is an easy drive to, or from Christchurch Airport, making the motel a really good place for travellers to stop and relax at the beginning or end of their holiday to NZ.

The long lease is for approximately 30 years, and a reasonable rent make this an attractive opportunity for a new business owner.

This is a great business for someone wanting a good income as well as a lifestyle.

Contact Sally for more information.












Ref: CS00028
Timestamp: 20171212054605

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