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

Show More

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

Repayment Calculator

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

Request Live Stream Inspection
Harcourts Blenheim

Office Harcourts Blenheim Licensed under REAA 2008

Map Location

Get Directions

Need to sell before investing?

Need to sell before investing?

Whether an owner-occupier or an investor we can help you determine the worth of your current asset. Why not find out with a Property Appraisal, highlighting recent sales and leases, property returns, market insights and more?