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Cash Cow - Top Location, Top Opportunity

Riccarton, Hotel/ Motel Accommidation

$1,950,000 Plus GST (if any)

Listing Number: CIC47294
About this listing
Accommodation business operated under a management rights lease, managing 40 units in a modern complex, close to restaurants, cafes, Christchurch Hospital, and close to Christchurch's iconic Hagley Park, which has an international cricket ground (Hagley Oval) as well as tennis courts, a golf course, and Christchurch Botanic Gardens.
This business is very profitable, receiving a percentage of all accommodation income as well as income from other cost centres. A two-bedroom Manager's apartment is leased. Excellent off-street carparking is provided. The good lease is secured for an excellent term.
Here is an outstanding opportunity for a Purchaser to achieve excellent profitability on an easily-operated business, which our Vendor has successfully operated for over 10 years.
Property Information
  • Property Type: Accommodation

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