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Freehold Going Concern Accommodation Opportunity For Sale

Asking Price:
$3,200,000 (NZD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Booming Christchurch motor lodge with restaurant and conference centre on extensive 4,215m² prime Riccarton location.

Main arterial road close to major amenities (retail outlets, malls, university, sporting & entertainment facilities, etc).

19 motel units in addition to the restaurant (currently used for buffet breakfasts), and conference centre (which can accommodate up to 50 delegates).

A 3-bedroom owner's apartment completes the picture.

Our Client has recently undertaken refurbishment of studio units and the massive car park area has been newly road-carpeted. However the site is still very underutilised and could benefit from the development of further motel facilities (subject to Christchurch City Council approval), providing an additional opportunity to reap the benefits of Christchurch's golden motel industry.

Strong cashflow and excellent profits underpin this business, and with the available land, this is opportunity with a capital "O"! We rarely see such a tempting opportunity in the marketplace, and recommend early enquiry. Contact Phil Adcock today!
Ref: 15703
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