On offer is a long-term freehold investment under a new 30-year lease to an experienced operator at $305,000 + GST per annum. The lease provides fixed rental increases together with rent reviews at agreed intervals, delivering predictable income growth and inflation protection. Assets of this quality, tenure and supreme location are seldom available in the airport precinct.
The tenanted investment ‘Airport Palms Motel’ is a modern, post-earthquake built 4.5-star accommodation asset comprising 22 guest units plus a separate three-bedroom manager’s residence across three freestanding buildings on a 2,387 sqm freehold site.
Strategically positioned less than 5 minutes from Christchurch International Airport and just off Memorial Avenue, the property benefits from strong year-round corporate and tourism demand.
Investment highlights
- Freehold investment with brand-aligned 4.5-star presentation and low-maintenance construction.
- New 30-year lease (see Lease Agreement section) at $305,000 + GST p.a.
- Fixed rental increases + rent reviews, supporting medium- to long-term income growth.
- 22 units + 3-bedroom manager’s residence; efficient layout for on-site management.
- Prime airport-fringe location with excellent access to arterials and key demand drivers.
Located within the thriving canterbury region, this investment is set to benefit directly from the Christchurch Stadium opening April 2026.
Property files available: https://www.propertyfiles.co.nz/property/048148S
