Morden Motel close to Riccarton Mall, Railway Stataion and Arena

This is a rare opportunity to acquire a motel business in Christchurch key location. This morden motel located in Riccarton area, just 5 minutes’ walk from Riccarton Mall, 10 minutes’ walk from the railway station.

This modern motel comes with 11 guest units, a 2 bedrooms manager's residence and office, which are well maintained with a good quality. 11 units include 8 studios, 1 deluxe studio and 2 two-bedroom suits.

The business will be sold due to the current vendor is leaving the country. The business has performed well since current vendor took over, but the potential is still huge in this growing market.

Asking price - $415,000 + GST (if any), price negotiable
Lease term has more than 20 years to go.