Sold Property

73-79 Nelson Street & 3 Fifth Lane, Blenheim, Marlborough

  • 5050
  • 970 m2

$2,650,000

Attractive Business Opportunity

Located in the heart of Blenheim, the Cherylea Motel Land and Buildings, including 17 self-contained units and Managers residence, are set on two titles. Offering a combined 5050m² of prime position. There is a range of accommodation including studio units, single or multi room apartments with the ability to interconnect for larger groups. The additional managers residence enjoys the benefit of a comfortable and spacious three bedroom apartment with open plan kitchen and dining. The park like setting, with swimming pool, playground and BBQ provide an excellent area to relax.
Terms, conditions and financials all available on request from Paul Jackson.
The Lease hold is also available for Sale. Property ID: #BL9479

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Sold Date

  • 27 April, 2021

Property features

  • Property Type: Tourism / Motel / Hotel
  • Property Features: Land & Buildings & Lease, Building Name: Cherylea Motel
  • Property Details: Tenanted Investment
  • Tenure: Fee Simple

Office

Harcourts Blenheim

Licensed under REAA 2008

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Est. bond $1920
  • 5050
  • 970 m2

Sold Property

73-79 Nelson Street & 3 Fifth Lane, Blenheim, Marlborough

$2,650,000

Attractive Business Opportunity

Located in the heart of Blenheim, the Cherylea Motel Land and Buildings, including 17 self-contained units and Managers residence, are set on two titles. Offering a combined 5050m² of prime position. There is a range of accommodation including studio units, single or multi room apartments with the ability to interconnect for larger groups. The additional managers residence enjoys the benefit of a comfortable and spacious three bedroom apartment with open plan kitchen and dining. The park like setting, with swimming pool, playground and BBQ provide an excellent area to relax.
Terms, conditions and financials all available on request from Paul Jackson.
The Lease hold is also available for Sale. Property ID: #BL9479

Property Features

  • Property Type: Tourism / Motel / Hotel
  • Property Features: Land & Buildings & Lease, Building Name: Cherylea Motel
  • Property Details: Tenanted Investment
  • Tenure: Fee Simple

Sold Date

  • 27 April, 2021

Paul Jackson Harcourts Blenheim

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Harcourts Blenheim

Office Harcourts Blenheim Licensed under REAA 2008

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Need to sell before you Buy?

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