Marshlands Real Estate

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116 McFaddens Road

Canterbury Area
116 McFaddens Road Canterbury Area
proudly marketed by
Holmwood Real Estate Ltd MREINZ
Cranford Oak Motel - Freehold Going Concern
**Documents are available for download from the public Harcourts website - scroll down to the grey area headed - Property Documents.** Very attractive and nicely presented motel complex on a prime corner site for visitors entering the city from the new northern motorway. First motel on the left when entering the city limits and, while suffering during the recent roading network upgrades, is now poised to reap the rewards of both the improved roading services and the imminent opening up of the travelling world. The property is on a 1,642sqm site and comprises 18 units of various sizes/options, some with interconnecting options and wheelchair access. The complex also provides a modern and comfortable 2.5 bedroom managers residence which includes a designated spacious office/reception and large owner/operator laundry and storage facilities. Separate guest laundry. Buildings are attractive red brick design, very tidy with a high standard of decoration and chattels throughout. Clientele traditionally a mix of corporate customers and tourism. Now also benefiting from the new Motorway and upgraded roading network. Award winning bakery and café nearby and only 2km to the popular Edgeware Shopping Centre & Merivale Mall. Approx. 4.5km from the CBD & Northlands Mall. This property and business represent an excellent opportunity for a new owner to reap the rewards of the post Covid business and tourism turnaround together with the benefits of property value growth over time. (Note: Confidentiality agreement required for release of financial information).
Upload by Veronica Wedlake