Seldom available, is the freehold land and buildings of a motel, providing an investor an excellent passive investment opportunity.

The property is well leased long term to 2048 providing you with a net rental income for the next 23 years, with 2 yearly rent reviews.

High profile corner site location on a main arterial, providing easy direct access to the Central City and is handy to Wolfbrook Arena and Addington Raceway.

The complex consists of 15 units plus the business owner's accommodation, which is all underpinned by being on a large valuable corner site of 1,578m2 zoned Medium Density Residential.

The tenant helps look after your investment as the lease requires the Tenant to maintain and repaint both the interior and exterior of the premises.

The exterior was repainted this year.
(approx.*)

Contact sole agent Adrian Raine on 021 344 246 for further information.

https://rwcchristchurch.co.nz/