Motel for Sale at 12 Riccarton Road Christchurch, New Zealand - Tenure : Leasehold Motel size : 19 rooms plus three bedroom owners apartment Location : Prime profile location near to restaurants, Hagley Park, the hospital and Riccarton Mall. A complex with size and position on it's side, the Cherry Tree Motel is currently operated by one owner. Guests love it's convenient location, ample car-park with access off Riccarton Road and Darvel Street. The configuration is fifteen studio units plus four one bedroom units. All have kitchens and there is a spa pool on-site for guest use as well as a guest laundry. The owners apartment has the ability to utilise one guest room during busy times. This is a solid performer with some further scope plus the added attraction of the next rent review not until July 2018 and every three years after that. For Sale - Price on Application. Agent : Kate Mullins
