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Colliers is proud to present the fantastic investment opportunity that is Deans Bush Motel, located at 140 Riccarton Road, Christchurch.
This property sits on a prime 911 sq m freehold land parcel, featuring a mix of 12 well-maintained motel units and a manager’s residence. With an established tenant in place and 20 years remaining on the lease, this property offers a stable and secure investment. The motel generates a strong income, returning $144,000 per annum plus GST and OPEX.
The location is one of the most sought-after in Christchurch, directly opposite the busy Westfield Shopping Centre on Riccarton Road, part of the city’s renowned “Golden Mile.” This high-traffic area ensures excellent visibility and accessibility, making it a prime spot for both local and international visitors. The property also benefits from proximity to essential amenities and a constant flow of foot traffic.
This investment offers a unique opportunity to purchase the property, with potential for future growth and development.
With a strong and reliable tenant in place, along with a solid lease in effect, this is a great option for investors looking for long-term stability and strong returns. Don’t miss out on this exceptional opportunity—contact Colliers the sole agent today to learn more or arrange a viewing.
For sale by Deadline Private Treaty closing 4pm, Thursday 27 March 2025 (unless sold prior)
*Boundary lines are indicative only
Features:
* Highly sought after position in Riccarton
* Well-positioned and maintained
* 12 motel units + managers residence
* Good mix of accommodation options
* Recent engineering report available
* Rateable value $2,930,000
* 911 sq m, regular freehold parcel
* Established tenant, 20 years remaining on lease
* Tenanted investment returning $144,000 + GST + OPEX per annum.
* 12 onsite carparks