BUSINESS DESCRIPTION
Buy on the favoured 'Golden Mile' location on a highly-visible corner site close to the city end of Papanui Road, a popular arterial road between the CBD and Northlands, this 16-unit motel complex presents an outstanding opportunity for those seeking a motel lease. The location is superb, with its proximity to Merivale Mall, St Georges Hospital, Southern Cross Hospital, Christchurch Casino, cafes, restaurants, Hagley Park and the CBD.
Well-presented and maintained, with an attractive 3-bedroom manager's residence, it is a ideal motel for a couple to operate, and presents a genuinely remarkable opportunity with accommodation contracts in place to provide excellent returns for the forthcoming seasons.
Christchurch is the South Island's major city of around 400,000 population, and as such has a substantial business centre, entertainment venues (Town Hall, Convention Centre, AMI Stadium, CBS Arena, horse-racing tracks and theatres), health facilities etc which all bring people to the city. In addition, Christchurch International Airport is the gateway to the South Island for many international and national visitors. Motels are currently operating at high occupancies in the Christchurch market through the post-earthquake period, and many operators expect this market to remain strong for a long period with forecasts suggesting up to several years.
The chance to purchase this attractive motel in this location provides a truly rare opportunity for anyone contemplating operating a motel in a favoured city position, and early enquiry is strongly recommended.