Rare Exciting Development Opportunity

Calling all developers! A rare opportunity has arisen to purchase 10,036 sq m of land, which is currently operated as a motel, on an underlying Living 1 site in Upper Riccarton/Sockburn. Sites like this are extremely rare, and has occurred only because the landowner wishes to sell (retirement is looming) and the business owner has agreed to go to the market at the same time.
This provides a Purchaser with the opportunity to develop, with the ability to utilise the current configuration of buildings as holding income.
The location is close to schools, and many other amenities, making it prime real estate in this sought-after area.

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Main Property Features

Listing Number: CIC52752

Property Type:
Tourism / Motel / Hotel
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Harcourts Christchurch City Commercial

Grenadier Real Estate Ltd

Licensed REAA 2008

98 Moorhouse Avenue
City
Christchurch
Office website or View office details

Property Location