Listing #:1695196685


Location: 3-5 dinton street, russley, Russley, Christchur­ch City, Canterbury
Property use: Office
Floor area: 2,023-2023m2
Land area: 0m2
Price: Price by negotiatio­n
The Airways Motel is located adjacent to State Highway 1 at 3-5 Dinton Street (corner), Russley, and is approximately only 4 kilometers from Christchurch International Airport.

The Airways Motel is operating under a lease from the Vendor and freehold owner which commenced on the 1st April 2005. The lease is for a term of 35 years. The current net rental payable by the tenant company is $180,000 per annum excluding GST. The property comprises a Manager’s 3 bedroom home together with a reception area for guests, a two-bedroom townhouse and 18 self-contained motel studio units.

The property is easily accessible from Sate Highway 1 in either direction. The property is well presented and laid out and provides modern and comfortable accommodation from a variety of guests including commercial clients, tourists and people arriving via Christchurch Airport. The main accommodation block containing 18 units is at a minimum of 85% NBS. The single story house and townhouse are 100% of NBS.
* Annual Net Income $180,000
* 35 Year Lease from 1st Apr 2005
* Close to Airport
* Frontage to Russley Rd (SH1)
* Total Land Area 2,023m²
* Ample Car Parking
* 19 Units, Multi- Configured
* 3 Bedroom Managers House
* Multiple Titles
* Residential Suburban Zone

Agency reference #: 208938
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Price by negotiation
3-5 dinton street, russley, Russley, Christchurch City, Canterbury
Price by negotiation
Listed: Wed 11 Jul, 9:38 am
Philip Cooper
Colliers International Christchurch, Licensed Agent (REAA 2008)
  • Contact details
  •  (021) 326245


Agent's details

Philip Cooper
  •  (021) 326245
Noel Gilchrist
  •  (021) 335837
Colliers International Christchurch, Licensed Agent (REAA 2008)
(03) 3657887
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Expires: Thu 15 Nov, 11:17 am
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