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Consented 20 Unit Motel & Townhouse Development!

6, 8, 10 Harrogate Street,

Hotel Motel Leisure
dollar

Negotiation

Floor area
1m2
Land area
3035m2
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Property details

Listing # HS9228 | Listed on 13 April 2022

A change of direction means this outstanding 3035sqm central village development property is now available for sale! Including 3 titles, all Business Zoned, and with a Resource Consent already in place for a new 5 star motel and additional townhouses!

The approved Resource Consent includes;

- A 20 unit motel complex, with a range of accommodation configurations from studios to 2 bedroom units.

- A generous 4 bedroom managers home

- 4 dual key townhouses, with 3 bedrooms, 3 bathrooms & single garages

Develop the motel and townhouses all in one, or in separate stages, the choice is yours.

In the short term the 3 existing residential homes provide fantastic holding income, currently grossing $1640 per week when fully occupied.

Hanmer Springs is a unique alpine village that has key attractions such as the Thermal Pools and Spa, extensive outdoor/adventure activities, as well as a range of shopping and dining options. This pristine area attracts an estimated 600,000 visitors every year, and is well known both locally and internationally.

Purchase price - Plus GST (if any)

For more information on this 'A grade' investment opportunity please contact Harley today!

  • Note: Advertisement includes images which are artist impressions only.

Statement of passing over:

Please be aware that this information has been supplied by the vendor and/or sourced from: Property Guru, Property Smarts, Land Information NZ, Local Councils, ECAN, CERA and other organisations. Harcourts Four Seasons Realty 2017 Ltd is merely passing over this information as supplied to us. We cannot guarantee its accuracy or reliability.

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