Own a remarkable freehold accommodation property at 347 Worcester Street, Christchurch.

This property offers the best of both worlds; urban convenience, being less than 1km from the new stadium, and the peaceful charm of a suburban residential area.

Generating an impressive $205,920 incl. GST per annum, this asset promises a rewarding investment, situated just one block from Christchurch’s vibrant city centre.

With a history of over 30 years as a successful motel, the property holds immense potential for various uses and income streams (subject to CCC approval and consents).

Key Features:
- $205,920 incl. GST per annum
- Land Area: 1,012 sqm approx
- Building Area: 460 sqm approx
- Medium Density zoned
- 95% NBS

Ten accommodation units include:
- 1 three-bedroom house (attached)
- 1 two-bedroom unit
- 8 studio units
- Communal laundry
- Double garage
- 10 off-street carparks

The property is offered exclusively through Savills Commercial Real Estate by way of Deadline Sale closing at 4:00pm on Thursday, 29 August 2024 (unless sold prior).

Don't miss this exceptional investment opportunity in one of New Zealand’s fastest-growing regions!