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Motel near Christchurch Airport to go under the hammer

NZ_AucklandCBD_Communications_Motel near Christchurch Airport to go under the hammer

A motel on a large parcel of land near Christchurch Airport is on the market for the first time in nearly 30 years and set to catch the eye of future residential developers and investors.

The 6,433sq m of residential zoned land at 105 Roydvale Avenue, Burnside, north-west of the city centre, is in eight titles and houses the Airport Lodge Motel. The complex consists of a three-bedroom manager’s house and 26 self-contained units with plenty of off-street car parking and three accessways.

The corner site is being marketed by Michael Lough and Mark Macauley of Colliers in Christchurch and is scheduled to go under the hammer at Colliers’ spring gala auction on 4 November.

“The opportunity for the astute buyer lies in the future redevelopment of the land or by adding value to the existing buildings to fully maximise the potential,” Lough says.

“It’s unusual for such a large parcel of land to become available in this area, particularly in the middle of an established and sought-after residential zone.”

Lough says the property is in a highly strategic location, close to Burnside School, Burnside Park, and the Russley Golf Club, while being close to the airport.

“We’re fielding a lot of interest in these older motel complexes that often occupy large parcels of land and are ripe for conversion to residential. From a tourism perspective, dated motel units are vulnerable. The good news for owners of such units is that developers and affordable housing providers are keen to convert these motels into long-term accommodation.”

This year Lough has negotiated two similar sales.

The first was a 20-unit complex with 10,036sq m of land in Sockburn, that was sold to an Auckland investor, while two adjacent Cashel Street properties, with a combined land area of 3,407sq m, were bought by a local investor.

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Michael Lough

Investment Sales Broker

Christchurch (Agency)

A tenacious broker, Mike adopts a targeted approach to each and every campaign to unearth a strong group of potential buyers, generating competition for all his properties. This strategic and carefully considered approach has earned him an impressive track record. His meticulous planning results in great outcomes for his clients, who are happy to provide glowing references. Mike also has an enviable network of personal and professional contacts.

Mike negotiated more than $50m of sales in his first 18 months, from as is where is, office, and vacant land. He has established a specialist niche in accommodation assets where he works with a strong group of national buyers seeking investment opportunities in the South Island.

He has a Bachelor of Design (Visual Communication).

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Mark Macauley

General Manager

Christchurch (Agency)

Mark is a high achieving investment broker specialising in investment sales and has negotiated in excess of $1.3 billion of sales both in Canterbury and throughout New Zealand. He has been instrumental in some of the biggest commercial property transactions in the South Island. 

Mark’s extensive national network of institutional clients, family trusts and high net worth individuals are always seeking opportunities in the commercial property market. He is a partner and general manager of Colliers International in Christchurch and was previously managing director of CBRE locally for 12 years.

Recent major transactions include: the former Police Station at 68 St Asaph Street ($24.7m); Opus House, 12 Moorhouse Ave ($37.5m); Westpac, 7 Show Place ($14.5m); 282 Durham St (confidential); and 124-140 Kilmore Street ($25.2m). 

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