Modern 15-Unit Motel Leasehold, Christchurch
Motel
ActiveHospitality & TourismCanterburyB2C
Asking price
$795,000
Disclosed · NZD
Revenue (est.)
~$547,860
Estimated · comparable listings of this type and size
Earnings (est.)
~$205,735
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~3.9×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
- A modern 15-unit motel leasehold in popular Riccarton Road, Christchurch, within walking distance of Riccarton Mall.
- A good mix of spacious units with cooking facilities, good parking and a landscaped garden area, plus three-bedroom owner's accommodation.
- Holds a long lease and a commercial client base, with a good reputation and many repeat clients.
- Offered with growth potential in turnover and profitability as the owners look to retire.
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