Colliers is excited to be appointed, as sole agent, to market 541 - 545 Innes Road, Christchurch, via mortgagee auction.
This a 72 room accommodation block with shared amenities, kitchen and common room areas, with 12 of the units having their own ensuites.
The property adjoins Mairehau High School to the West boundary and enjoys easy access to the Central City and northbound out of Christchurch.
The opportunity allows the incoming buyer the opportunity to complete some cosmetic works and seek a single tenant to create cash flow, or continue running the property as a boarding house type business.
The property was originally built as a language school, before it was leased to the Canterbury University for student accommodation then the current owners took over and started renting it as a room by room rental business.
We have been given clear instructions to sell this property via Mortgagee auction.
Don’t miss this opportunity, if you would like further information please get in touch.
For sale by Auction held 10am, Thursday 1 June 2023 (unless sold prior). Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.
*Boundary lines are indicative only
- Contact our experts for details on this transaction