Listing #:1238252656
Profitable Motor Lodge With Strategic Land Holding
Location: Christchur­ch City, Canterbury
The existing motor lodge has two main buildings, one of 13 refurbished ground floor studio units & four 1-bedroom units, all opening to a mature, north facing garden setting.

The second building consists of the owners 3-bedroom apartment, an additional 2-bedroom apartment, a generous conference area, kitchen facilities, toilets, reception and offices.

The second building is in need of renovation and the current owner has undertaken concept drawings for the redevelopment of an additional seven new units, a managers unit & office. A further 1-bedroom apartment has also been planned upstairs, within the current configuration.

This would all greatly enhance the revenue/profitability and visual appeal of this business if undertaken by a new owner/operator.

The underlying land area of 4,215sqm presents numerous further redevelopment options, with the necessary consents, while retaining the existing business for holding income.

This business consistently performs well and has a strong repeat clientele who like its central Christchurch location and accommodation price point.

In Summary;
- Strategic main road location
- High profile complex
- Redevelopment potential
- Strong holding income

Owner is genuinely committed to achieving a sale.

We would welcome your enquiry on the Land, Buildings & Business of this motor lodge for sale in Christchurch via this website or by phoning INKY STOVE on 0800 263339, DDI 03 550 0471 or 021 182 6940.

Agency reference #: 1643
Price on application
Listed: Mon 9 Jan, 12:05 pm
Inky Stove
Coffeys Tourism Property Brokers Ltd
  • Contact Details
  •  (03) 5500471
  •  (021) 1826940

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Agent's details

Inky Stove
  •  (03) 5500471
  •  (021) 1826940
Coffeys Tourism Property Brokers Ltd
(03) 3669040

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