Current owners are willing to meet the market.

This motel has performed well throughout the COVID-19 situation with only an approx. 12% drop in turn over compared to the previous non-Covid tax year. A solid performing motel.

17 Unit Motel on a busy main road with a mixture of cliental.

13 studio units, 4 one-bedroom units with some interconnection options.

Three-bedroom, two-bathroom owners' accommodation with spacious open plan kitchen/dining/living area and internal access garage.

17 lease years remaining.

Current owners are willing to negotiate extending lease years past current expiry of 2038.

Motel was fully refurbished internally and externally approx. 5 years ago.

9km from Christchurch Airport, 1.5km from Northlands Mall, less than 1km to St Bede's College and convenient to both St Georges and Burwood hospital.

Numerous eatery options nearby. Bus-stop directly outside the Motel.

Financials and lease details available after signing a Confidentially agreement.

Please contact Alec Burtenshaw

Alec Burtenshaw

LICENSED COMMERCIAL SALES CONSULTANT

NAI Harcourts - Holmwood Real Estate Ltd

Licensed Agent REAA 2008

Cell - 021 158 0865

Email - alec.burtenshaw@naiharcourts.co.nz