Dual Motels for Sale Christchurch

Description

Each $600,000 + GST (if any) vendor agreed to sell separately, total price $1.2m 209 & 136 Bealey Avenue, Christchurch, New Zealand Lease term remaining at least 25 years A rare opportunity to acquire two well-performing motels located on the same prime street in Christchurch. Recent renovations were completed in 2024, with a combined total of 30 modern units. This package is suited to investors seeking low-maintenance accommodation businesses. Motel 1: Abbey Motor Lodge - 209 Bealey Avenue Total Units: 15 Room Configuration: Studios 3 1-Bedroom Units 8 2-Bedroom Units 2 3-Bedroom Family Unit 1 Key Features: Large rooms suitable for families and long-term stays Full kitchens in most units Renovated in 2024 with updated interiors, appliances and fittings Ample off-street parking, guest laundry and fibre Wi-Fi Central yet quiet location with strong repeat guest demand Motel 2: 136 on Bealey - 136 Bealey Avenue Total Units: 15 Room Configuration: Queen Studios 4 Twin Studios 7 King Spa Studio 1 Kitchenette Units 4 Interconnecting Rooms: 4 units combining 4 Kitchenette Units with 4 Twin Studios (not additional rooms) Key Features: Well-maintained and business-oriented design Popular with corporate and short-stay guests Recently renovated with modern bathrooms, furnishings and fixtures Fibre broadband, smart TVs and guest laundry services Central location on arterial route Live-in manager in place, allowing simple operation or remote oversight Key Investment Highlights: Combined 30 fully renovated rooms across two properties Live-in managers at both sites Located on Bealey Avenue with high visibility and traffic flow Mixed guest base including families and corporate stays Proven income history with further growth potential Future branding or consolidation options available for investors