Listing #:4085970370
Calling all owner operators, developers, investors
Location: | Christchurch City, Canterbury |
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Rare freehold going concern of a motel complex on a main thoroughfare in Christchurch.
•1,365sqm of residentially zoned land
•Eight motel rooms – two x two bedroom, two x one bedroom, four studios
•Three bedroom owners residence with triple car garaging
•Work for yourself and have the business pay all the living expenses
•Capital value $1,230,000.00, rates $10,403.92
Situated in Redwood, the Avon City is a well-known motel and has an attractive garden outlook which has won the best garden award three years in a row in the accommodation industry. Guests love the quietness that a smaller size motel offers and the personal touches that come with your stay. The motel is close and convenient with Northlands shopping mall, Papanui eateries, Burwood hospital, Christchurch airport and quick access to the Northern motorway plus it’s on the main bus routes into the city.
The land, buildings and business are being sold as one package and would be ideal for a couple or one working owner whilst the other works elsewhere. Developers looking for land should take a look at this 1,365sqm parcel zoned residential suburban and savvy investors might look at it as a long-stay accommodation option whilst land-banking.
Agency reference #: 5520986
•1,365sqm of residentially zoned land
•Eight motel rooms – two x two bedroom, two x one bedroom, four studios
•Three bedroom owners residence with triple car garaging
•Work for yourself and have the business pay all the living expenses
•Capital value $1,230,000.00, rates $10,403.92
Situated in Redwood, the Avon City is a well-known motel and has an attractive garden outlook which has won the best garden award three years in a row in the accommodation industry. Guests love the quietness that a smaller size motel offers and the personal touches that come with your stay. The motel is close and convenient with Northlands shopping mall, Papanui eateries, Burwood hospital, Christchurch airport and quick access to the Northern motorway plus it’s on the main bus routes into the city.
The land, buildings and business are being sold as one package and would be ideal for a couple or one working owner whilst the other works elsewhere. Developers looking for land should take a look at this 1,365sqm parcel zoned residential suburban and savvy investors might look at it as a long-stay accommodation option whilst land-banking.
Agency reference #: 5520986
Business buyer’s checklist
Asking price: $1,995,000
Listed: Fri 14 Apr, 4:06 pm
Joel Everson
Bayleys Christchurch
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Contact details
- (022) 1990300
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Agent's details
Joel Everson
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- (022) 1990300
Kate Mullins
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- (03) 3754700
- (027) 2488456
Bayleys Christchurch
(03) 3754700
Expires: Fri 31 May, 12:24 pm