The freehold of a superb modern 25-unit motel in a prime location on Riccarton Road, Christchurch, is being offered to the market for the first time by our Vendors, who had the motel built for them in 1997 and operated it for a period before taking on tenants to operate the business. The current tenant has operated the business for over 14 years. It should be noted that a rent review is currently taking place, further details are available from the broker.
The building has been well-maintained and offers an investor a rare opportunity to obtain a good investment in this location. Riccarton Road has become established as one of the sought-after motel locations in Christchurch, and provides excellent access to the central city, suburban shopping malls, the University of Canterbury, and sports venues, including the new Te Kaha Stadium due to open in April 2026, and the new Parakiore Metro Sports facility which is due to open in late 2025.
Regular bus services operate along Riccarton Road, and the area is well-serviced by supermarkets, cafes, and restaurants.
Our Vendors are now seeking semi-retirement providing this opportunity to the market.
We recommend early enquiry, as we don't expect this opportunity to last.
