Bayleys agents in Christchurch have sold a motel & office building in Upper Riccarton and an industrial property in nearby Sockburn.
Canterbury – Christchurch
Blenheim Road Motor Lodge, 282 Blenheim Rd:
Features: 4215m² site in residential zone – 850m² motel, 17 units, 16 of which have been renovated, 5-bedroom manager’s accommodation, restaurant, conference facilities, large central carpark
Outcome: sold as a freehold going concern for $1.7 million
Agents: James Speight & Tracy Chen
295 Blenheim Rd, unit 20:
Features: modern 1219m² 3-level office building, 12 parking spaces, mostly tenanted by ground floor retail, café, lawyer’s office on first floor, vacant top level
Rent: $233,617/year net + gst from 3 tenants
Outcome: sold for $4.1 million
Agents: Stewart White & Alex White
41 Epsom Rd:
Features: 814m² industrial site – 461m² warehouse/office at rear, mezzanine, roller door access, separate 3-bedroom home at front of site, sealed parking, vacant
Outcome: sold for $560,000
Agents: Terry Connolly & Sam Stone
Attribution: Agency release.