Ilam, 60A and 62 Creyke Road

Price Upon Application  

    141 Bedrooms with En-suites

    Ref ID: RMI10586

    This land has 3 current Christchurch City Council resource consent approvals for 141 double en-suited bedrooms, 27 units and dwellings on 20 Fee Simple or Stratum Titles. This property once completed has estimated weekly income of $33,600 per week for the 2021 year.

    What an opportunity. Positioned directly across the road from Engineering School at the University of Canterbury, this land holding is quite simply like no other. You may never find over 7,000 m2 of TC 2 land this close to such a prestigious internationally acclaimed university again.

    Currently occupied in part by the Academy Motor Lodge, the sale of the property comes complete with approved Resource Consents for 141 bedroom with en-suites. With a large pool of potential occupants across the road, once developed you can be assured of strong occupancy levels in such a sought-after environment.

    Current owners are passing this opportunity to a suitable developer / investor to realise the dream they've had for the site for a considerable time. Holding income from the Academy Motor Lodge and other buildings will be available for any potential buyer immediately and will transfer on the purchase day.

    This property is being sold on the basis of GST inclusive.

    Please contact Geoff Ward on 027 223 2694 or geoff.ward@remax.net.

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