Located in central city at 168 Bealey Ave offering 9 units in total. As they are predominately at ground level and being spacious with cooking facilities they are popular with families and sports teams. The units are surrounded by large landscaped garden area.
There are 4 - two bedroom units that sleep up to 6 people in each
3 - one bedroom units
2 - studio units
Owners residence is very large having 3 bedrooms and 2 living areas and there is a possibility to make a 10th motel unit.
This established business has a good reputation and enjoys many repeat clients. It has been operating for 5 years under the present owners.
It is in easy walking distance to the Central City, Hagley Park, Christchurch Town Hall and Forte Health plus good Restaurants and Cafes.
Lease: over 15 years to run
Rent: $63000 per annum
Rent Revue: March 2022
For further information visit their website www.admiralmotel.co.nz
This business represents excellent value and has lots of potential for a new owner for growth in turnover and profitability.
Call Bob Thayer
Christchurch Business Sales Ltd