Modern 10-Unit Motel Lease, Christchurch

Modern 10-Unit Motel Lease, Christchurch — Hospitality & Tourism · Christchurch · Asking $440,000

Modern, purpose-built 10-unit motel complex on a business lease in a desirable Christchurch location, finished to a high standard and positioned to face north (B2C). On the main arterial route from the northern motorway into Christchurch, in an emerging 'motel mile' accommodation hub with excellent visibility. An ideal size for an owner-operator couple, allowing one partner to manage operations…

DealProspect/Listings/Hospitality & Tourism

Modern 10-Unit Motel Lease, Christchurch

Motel

ActiveHospitality & TourismCanterburyB2C

Find funding for this deal →View original listing ↗

Asking price

$440,000

Disclosed · NZD

Revenue (est.)

~$353,073

Estimated · comparable listings of this type and size · typically within ±30%

Earnings (est.)

~$119,138

Estimated · comparable listings of this type and size · typically within ±25%

Typical multiple

~3.7×

comparable listings of this type and size · typically within ±25%

Brief

Modern, purpose-built 10-unit motel complex on a business lease in a desirable Christchurch location, finished to a high standard and positioned to face north (B2C).
On the main arterial route from the northern motorway into Christchurch, in an emerging 'motel mile' accommodation hub with excellent visibility.
An ideal size for an owner-operator couple, allowing one partner to manage operations while the other pursues other interests.
Business lease $440,000.

Motels in Canterbury

Motels for sale in Canterbury (9) →

Listed

active

Median asking

$600K

7 priced

Earnings multiple

3.2×

12 listings

Asking price spread7 of 9 state a price

This listing · $440K

14%

57%

29%

$250K–$500K$1M–$2.5M

New Zealand 83 · Bay of Plenty 10 · Waikato 8

Restaurants 13

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