Great Location in Riccarton: Easy 10 min walk to Hagley Park and its Botanical Gardens, Hagley Oval International Cricket Stadium, Riccarton Westfield Mall and business hub.

Room configuration & facilities: There are 19 well appointed 3.5 star self-rated motel units, 4 x one bedroom motel units, 15 studio motel units over 2 levels in 2 separate blocks with the main entrance into the motel complex from Riccarton Road and the exit into Darvel Street. Ample off-street parking for guests, BBQ area, guest laundry and private Spa room.

Online and brochure marketing: Jasons, Yellow pages and AA. Online travel agents are used such as Bookings.com, Expedia & AA travel. There is also a new website http://www.cherrytreemotel.co.nz for more information.

Owners/ Managers Accommodation: 2 story, 3 bedroom home with ensuite off the master bedroom and separate bathroom and toilet for the double rooms. Ground floor open living areas include the kitchen, lounge and dining areas. Just off the dining area is the guest reception for easy access. Double garage next to reception just off the main entrance to the property.

Lease Term: 3 year periods with right of renewal in July 2018 and every 3 years thereafter. Final expiry date is 30 July 2039.

Brokers Comments: This is a great opportunity to buy into the Christchurch accommodation market in one of the best locations in Town. The owners have maintained the property to a very good 3.5 star motel with ongoing replacements of the FF&E items such as TV's and soft furnishings during the past 2 years. Inbound arrivals and tourism forecast trends are at an all time high with significant growth year on year with Christchurch International Airport securing new services direct from China. Please contact Brad Watts mob: 0