High Profile Motel - Riccarton Road

SOLD - This listing was sold in August 2015
This Motel enjoys an excellent high profile location on Riccarton Road and is conveniently located in Upper Riccarton close to all amenities and many of Christchurch's major attractions, including Bush Inn and Westfield Shopping Centres, as well as the University of Canterbury. It has 10 spacious ground-floor units including 6 studio units (sleep 1-3 persons), 2 x 1 bedroom units (sleep 2-4 persons) and 2 x 2-bedroom units (sleep 2-6 persons), guest laundry and a 3 bedroom manager's residence.

It enjoys healthy room occupancy rates and operates from leased premises with the balance of a competitive lease remaining. The existing lease expires 2026 and there may be options for a further renewal beyond that time.

This business would ideally suit first time moteliers and/or a family seeking a new home business opportunity.

DEADLINE SALE - All offers please by 4pm, Friday 31 July 2015 (unless sold prior)

Call the sole agents today for an information pack

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Main Property Features

Listing Number: HHC3761

Business description:
Motel
Business Name:
Coachman Motel
Legal Name:
Go Trust Ltd
Leased plant:
No
Items not included in sale:
Honda CRV, Ipad & Cellphone
Property Type:
Tourism / Motel / Hotel, Accommodation
Number of staff
  • Part time: 1
  • Full time: 2 (owner / operator)
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Licensed REAA 2008

Licensed REAA 2008

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Harcourts Holmwood Commercial

Holmwood Real Estate Ltd

Licensed REAA 2008

142 Sherborne Street
St Albans
Christchurch
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