Undoubtedly Prime Real Estate
71-79, Kilmore Street, City Centre, Christchurch City
- Proposed Usage
- Development Site
- Floor Area
- 1.00 m²
- Land Area
- 2908.00 m²
- Property ID
By 2024, international visitor numbers are forecast to grow to 5.1 million per annum, an increase of 37.1% on the 3.7 million that landed in Aotearoa in 2017. This phenomenal increase will undoubtedly see significant strain put on our existing infrastructure and Central government have made the appropriate responses in order to best mitigate this.
The Hotel sector, however, is yet to adequately prepare for this future with New Zealand Trade and Enterprise predicting a shortfall of 2,390 rooms in the main tourism centres by 2025. The property on offer is 5 parcels of land which provide skilled operators with the opportunity capitalise on this predicted demand for rooms.
Alternatively, resource consent has already been granted for a four level commercial building with secure rear parking, providing you with some 4400sqm of net lettable area.
Whether you see the property as an answer to the looming accommodation deficit, the building blocks of a substantial investment property or merely a landbank, 71-79 Kilmore Street and 312-322 Durham Street undoubtedly is prime real estate.
Contact the sole agents today or copy www.propertyfiles.co.nz/property/557609 into your address bar for further information.