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Welcome to Cherry Tree Motel Lodge, 12 Riccarton Road, ChristchurchA change of ownership for both freehold and leasehold hence an excellent opportunity for the next motel investor/s to invest in this unique special motel in Christchurch. Via its ongoing relationship with local and international business networks, this modern and well-appointed motel experiences a stable occupancy rate comprised of a corporate clientele who favour its central 'golden mile' location. Attractive street frontage with high volume passing traffic attracts a plentiful supply of walk-in guests while an informative user-friendly website maintains a strong on-line presence. Primely positioned only 9 minutes from the CBD, 15 minutes from the airport with proximity to Christchurch's eateries and entertainment, guests also benefit from easy drive-on access, abundant parking, spa and laundry facilities. Comprising 19 fully self-contained units (15 studio + 4 one bedrooms units) and a three bedroom manager's residence, the set up is ideal for a couple or family run venture.A consistent performer with future development potential and a rental income is scheduled to be reviewed again in July 2018 and thereafter every three years.A sensational lifestyle opportunity or portfolio investment for the seasoned entrepreneur. BETTER BE QUICK.Address 12 Riccarton Road, ChristchurchLand Area 1384 square metersFloor Area 580 square metersUnits 19 + 1 units + 3 Bedroom Accommodation (Managers) Car Parks 20Current Zoning Business/ResidentialPrice By NegotiationContact Remax Initial Realty for Private Viewing by Appointment only.