A rare opportunity to secure a substantial residential and commercial property in one of Christchurch’s sought-after accommodation locations. Positioned at 118 & 124 Sherborne Street, this offering combines an established accommodation business, holding income and significant future development potential.
Comprising two adjoining freehold titles with a combined land area of approximately 1,669sqm and Mixed Use Residential (MRZ) zoning, the property offers flexibility for investors, owner-occupiers and developers alike.
118 Sherborne Street – Apartments 118 occupies a 506sqm site and features nine motel units, offering a mix of studio and two-bedroom configurations, together with a separate office. (Sold on a plus gst if any basis)
124 Sherborne Street – Achilles Motel occupies a 1,163sqm site and comprises a two-storey, four-bedroom house currently rented on a room-by-room weekly basis, a reception area and six single-level, one-bedroom units. Across both properties, there are approximately 13 designated on-site car parks. (Sold on an inclusive of gst basis)
The location is a key highlight, with the Christchurch CBD, Hagley Park, supermarkets, popular cafés and eateries, major transport routes, and established residential and commercial precincts all within easy reach. This central positioning supports ongoing accommodation appeal while providing convenient access to the city’s key amenities.
Offered as a freehold going concern, the property provides an established income stream alongside the underlying value of a substantial landholding. The MRZ zoning also presents exciting possibilities for future multi-unit residential development, subject to Christchurch City Council consent and applicable requirements.
Opportunities to acquire adjoining sites of this scale in such a strategic Christchurch location are increasingly rare. With established accommodation, immediate income and longer-term development prospects, 118 & 124 Sherborne Street represents a compelling opportunity to secure a versatile property with multiple avenues for future value creation.
For Sale by Deadline Private Treaty closing 4pm, Wednesday 11 November 2026 (unless sold prior).
Boundary lines are indicative only.
Features:
* Central Christchurch location
* Two adjoining freehold titles
* Combined land area: approximately 1,669sqm
* MRZ zoning - future development potential
* Established accommodation freehold going concern
* 15 accommodation units and a 4-bedroom house
* Mix of studio and two-bedroom accommodation options with office facilities
* Approximately 13 designated on-site car parks
* Short stroll to Christchurch CBD and Hagley Park
* Close to supermarkets, cafés, restaurants, and major amenities
