1 400 m² Commercial space in Ashburton

The subject property which is located in Ashburton East has on it multiple buildings including self-catering accommodation, conference centre and wedding venue set on 2ha of parklike gardens. Currently the self catering accomodation is leased out to a single company that is contracted to provide accomodation for employess working on the N3 upgrade currently in progress. The lease expires in November 2027 and there is the possibility that this may be renewed for a further period. The wedding and conference facilities are unaffected by the lease and can be utilised to generate further income. A full fact sheet is available on request to genuine buyers. There exists approximately 7,000m2 of unused land that could with local authority approval be subdivided off to create 2 x 3,000m2 subdivisions or could be utilised to create further space for events and the like. The ground overlooks the N3 freeway and there is easy access from the Ashburton offramp a short disance away.