Freehold motel - rare investment opportunity

282 Blenheim Road, Upper Riccarton

Asking Price NZD $2,390,000 + GST (if any)

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Freehold motel - rare investment opportunity | 282 Blenheim Road, Upper Riccarton | 5510642 |      X Close

Freehold motel - rare investment opportunity

Blenheim Road Motor Lodge is located on a prime site at 282 Blenheim Road, Upper Riccarton. It is close to the major shopping centres Westfield Riccarton and Tower Junction and importantly is on the doorstep of Christchurch's industrial heartland of Middleton. The Warehouse is directly opposite, being one of a wide range of businesses lining Blenheim Road. Blenheim Square is nearby and offers a number of stores including a butchery, fruit and vegetable supplier, liquor store and Asian Food supermarket, Kosco.

Blenheim Road is one of the busiest roads in Christchurch, with exposure to approximately 30,000 vehicles per day. Guests are also just a few minutes' drive to Horncastle Arena, OrangeTheory Stadium, Canterbury University and the City Centre. Christchurch International Airport is just 15-20 minutes drive.

The 17 sunny north facing units sit well back from the Blenheim Road entrance. The site consists of approximately 4,215 square meters of land with a large central car park and facilities including a commercial kitchen, restaurant, conference room and 5-bedroom manager's accommodation located on 1st floor of the main building. 16 units have been upgraded and renovated. There is easy access to the car park, units and restaurant.

The current Vendors have owned and operated this well-established motel for approximately 24 years and are ready for the next stage of their lives.

There is huge potential for further development on this property. Here is a work/live opportunity with significant upside from a range of possible activities from redevelopment and refurbishment, to offering new services to new markets.

The property and business will be sold together as a Freehold Going Concern.

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282 Blenheim Road, Upper Riccarton

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