The Devon B&B, Business for sale. Delightful Stunner. WILL TRADE FOR HOUSE ANYWHERE IN NZ

Property Name: The Devon Bed & Breakfast
Address: 69 Armagh Street, Christchurch
Property Type: Bed and Breakfast
Sale Type: Business
Price: Offers Over $400,000
Region: Canterbury

WILL TRADE FOR HOUSE ANYWHERE IN NZ

If location is the key to a good business, then how good is this? Minutes from the Christchurch Square with the city tram stopping at your front door and city traffic passing your place of business non stop. Surrounded by established office blocks of professionals and across the road from the Christchurch Court House, and only moments to the start of the famous "Christchurch Strip" full of restaurants and bars. It's really, THAT GOOD.

The Devon has been lovingly transformed from a house that was originally a doctors residence plus studios, to a luxurious Bed & Breakfast comprising of 10 well appointed rooms, 9 having ensuites and one with a private bathroom. In addition to the rooms, there is a seperate dining room that is currently only utilised for breakfast and a lounge is located in the next room. The B&B can sleep up to 32 people on full occupancy, so can give you many options for maximising your returns.

The owners residence features a very well thought out kitchen that services the dining room as well as the owner, a modest lounge room opening onto a small courtyard. There are two bedrooms in the owners residence and a bathroom of a good size. Ideally this business would suit a couple who wish to work together and would really benefit if one of the partners had some cooking background, as the dining room could function during the day as a cafe, due the large number of professionals working in buildings around the B&B. Out catering could also be an option.

The immediate area of the city that this property is located in, has been dubbed the Cultural Precinct, as neighbours include the new Art Gallery, Coca Gallery, Arts Centre, Museum, Botanical Gardens and Hagley Park.

The current owner has been in place for 10 years now and is ready to move on to another stage of their life and let someone else take this beautiful property into the next phase of it's existence. As the owner is truly motivated to move on, she would also entertain trading a house or a lifestyle block for the business.

Downloads

Confidentiality Agreement New Devon.pdf (144.85 KB)

Devon P&L FY0708.pdf (44.44 KB)

Devon P&L FY0607.pdf (43.62 KB)

Devon P&L FY0506.pdf (43.48 KB)