Cherry Tree Motel
Riccarton, Christchurch City
Price On Application
- Proposed Usage
- Tourism & Hospitality
- Property ID
Tenure : Leasehold
Motel size : 19 rooms plus three bedroom owners apartment
Location : Prime profile location near to restaurants, Hagley Park, the hospital and Riccarton Mall.
A complex with size and position on it's side, the Cherry Tree Motel is currently operated by one owner. Guests love it's convenient location, ample car-park with access off Riccarton Road and Darvel Street. The configuration is fifteen studio units plus four one bedroom units. All have kitchens and there is a spa pool on-site for guest use as well as a guest laundry. The owners apartment has the ability to utilise one guest room during busy times.
This is a solid performer with some further scope plus the added attraction of the next rent review not until July 2018 and every three years after that.
For Sale - Price on Application.
Agent : Kate Mullins