136 Bealey Avenue, Christchurch Central, Christchurch

Freehold motel with 35 year lease

Deadline Sale
4pm, 5 December 2019
(unless sold prior)

- Highly favoured motel location
- Significant refurbishment recently undertaken
- 15 spacious studio units and two bedroom manager's residence
- 35 year lease from February 2016
- $138,000 + GST and OPEX pa with two yearly reviews.

Freehold motels rarely come onto the market. This popular location with an attractive lease provides the next owner with a long term passive income.
Retiring vendor is motivated for a sale by deadline date.