A rare chance to secure a prime residential and commercial complex in one of Christchurch's most sought-after locations. Positioned at 118 & 124 Sherborne Street, this blue-chip site sits just a short stroll from the CBD, Hagley Park, supermarkets, and popular eateries.
The offering includes two well-maintained complexes and an established business, to be sold as a freehold going concern. Spanning two titles with a combined land area of 1,669sqm (MRZ zoning), the property offers outstanding holding income and future development potential, including possibilities for multi-unit projects (subject to council consent).
Property Details
118 Sherborne Street - Achilles Motel
Set on a 1,163sqm section, this property comprises seven residential units, including a two story, four-bedroom house, and six single level, one bedroom units. The four bedroom dwelling currently serves as the manager's residence and reception area.
124 Sherborne Street - Apartments 118
Positioned on a 506sqm section, this site offers nine motel units, a mix of studio and two bedroom configurations, along with a separate office.
In total, the complex provides approximately 14 designated on-site parking spaces, ensuring convenience for both guests and residents.
An exceptional investment opportunity where location, versatility, and future value come together. Rare to find, quick auction is required!
Private viewing only.
Please contact Mark or Yuting to discuss in details.
Please note: Selling price will be + GST.
