Well-presented 7-unit motel in a very accessible location in Ashburton, the thriving centre of Mid-Canterbury. The units are complemented by a very comfortable 3-bedroom Manager's residence, all on an easy-care site.
If all lease renewals are exercised, there are over 20 lease years remaining. There is a reasonable annual rent in place.
After a successful period of ownership, our Vendor is seeking to return to family in Auckland, and to assist in this has priced the business very competitively, making a very attractive proposition for a potential Purchaser.
Ashburton has a population of just under 20,000, with another 12,000 living in the wider district. It is the central hub of the mid-Canterbury area, and is generally well-served with amenities. It is approximately 1 hour's drive south of Christchurch and under one hour's drive north of Timaru. Ashburton services a large rural hinterland which has seen dairy farming become well-established, especially over the past 20 years or so.
We see this as an exciting opportunity, and recommend early enquiry to avoid disappointment. Enquire now!
