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Soaring Returns – Airport Palms Motel
The Airport Palms Motel is an immaculately presented 4.5-star freehold going concern offering. Strategically located less than a five-minute drive from Christchurch International Airport, just off the main thorough into the city - Memorial Avenue.
With a strong track record, impeccable reputation, outstanding reviews, and several awards the financials results will come as no surprise. With a return to pre covid levels the 2023 financials will not disappoint with further growth expected this financial year.
Completed about 11 years ago a versatile mix of 22 units plus a separate 3-bedroom managers residence ensure guests and working owners or an onsite manager are catered for. Sitting on a prime 2,387sqm parcel and spread over three freestanding buildings versatility and convenience of operation are ensured.
With Christchurch reaffirming its position as the gateway to the South Island and international travel and visitors tipped to reach new highs in the upcoming years and accommodation spends especially from the tourism sector on the up now is the perfect time to invest in rooms.
Offerings of this quality and reputation seldom available. The long-term owners are now retired and based out of Christchurch with full management in place.
Being offered to the market by way of negotiation
For further information please do not hesitate to contact us at any stage – I look forward to hearing from you.
To view the advertising video please follow the link below.
https://www.youtube.com/watch?v=--qO9Sl3E48
Level | Tenancy | Sale Type | Price | AreaSqm | Status |
---|---|---|---|---|---|
n a | Sale by Negotiation | Price by Negotiation | 2387.00sq m | Sold |