Retain or redevelop

15 - 21, Main South Road and 29 Ballantyne Avenue, Upper Riccarton, Christchurch City

By Negotiation

Proposed Usage
Hotel & Leisure
Floor Area
1.00 m²
Land Area
17089.00 m²
Description:
Property ID
1c5b545

For Sale by Negotiation

Workotel, formerly Riccarton Holiday Park, provides affordable worker accommodation and continues to generate solid revenues from accommodation units spread over a vast 1.7ha residential site. As the rebuild moves down a gear the overseas owners are considering their options and have put the Freehold Going Concern up for sale. They will also consider working with a joint venture partner bringing new ideas, expertise and capital for a possible redevelopment of the site. Subject to obtaining appropriate consents the property is in a prime location and of a scale ideal for a range of uses including student accommodation, social, community and affordable housing, reintegration services, aged care, education, medical and more. Handy to a range of amenities the property is just 1.7km to University of Canterbury, 200m to the nearest supermarket, 250m to Bush Inn Shopping Centre and just 2.1km from Westfield Riccarton Mall.

For further information about the property sign into Property Files and visit www.propertyfiles.co.nz/559804.

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Upper Riccarton Area