Modern 15-Unit Motel Leasehold, Christchurch

Modern 15-Unit Motel Leasehold, Christchurch — Hospitality & Tourism · Riccarton, Christchurch · Asking $795,000

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…

DealProspect/Listings/Hospitality & Tourism

Modern 15-Unit Motel Leasehold, Christchurch

Motel

ActiveHospitality & TourismCanterburyB2C

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Asking price

$795,000

Disclosed · NZD

Revenue (est.)

~$547,860

Estimated · comparable listings of this type and size

Earnings (est.)

~$212,000

Estimated · comparable listings of this type and size

Implied multiple (assumed)

~3.8×

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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