347 Worcester Street, Linwood, Christchurch City, Canterbury, 8011, New Zealand

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