Colliers, as sole marketing agent, is pleased to present 457 Cashel Street, Linwood, Christchurch offering developers an exciting opportunity to add value.

This unique offering will appeal to Residential Medium Density developers.

457 Cashel St is situated at the eastern end of Cashel St and offers a fantastic opportunity to the market. This sunny, well-presented property comprises 9 units and a 2 bedroom house (manager’s accomodation).

Due to retirement, the time has come to sell and let the astute buyer/developer reap the benefits of this attractive offering.

An opportunity for Investors/buyers looking to run their own accommodation business or residential land developers looking to maximise the huge potential of the Residential Medium Density zoned underlying land.

The new owner operator will benefit from all of the hard work the current owners have put into the business and are trading well in the current climate.

The property is 1,967 sqm of land over two titles giving the opportunity for future development.

There is also an option to buy 447 Cashel Street which gives an additional 1440 sqm of RMD land or 5x2 bedroom units.

Act now to secure this fantastic opportunity.

The property is offered for sale by Deadline Private Treaty closing 4pm, Thursday 24

June 2021 (unless sold prior).

**Boundary lines are indicative only

Features:

• Popular motel trading well at present
• Vacant possession
• Nine units and two bedroom managers accommodation
• Potential to purchase neighbouring 1440sqm property offering 5x2 bedroom investment unit
• Residential Medium Density Zone (RMD)
• Two titles - regular shape
• Requires minimal staff input
• 1.8km to CBD
• Flexibility with owner on handover
• Fee simple
• 1,967sqm land area
• Well presented property

More information: https://www.colliers.co.nz/p-NZL67015044