Listing Description
Ilam Opportunity – Rent, Reposition or Redevelop
277 - 279 Ilam Road, Burnside, Christchurch City, Canterbury
To be sold by deadline sale (by 26 Mar)
Details
| Attribute | Value |
|---|---|
| Property use | Hotel/Leisure |
| Property ID# | JQF334 |
| Agency reference | NZL67037949 |
Description
This is a unique opportunity for investors and value add buyers looking to secure a significant existing accommodation complex, underpinned by an exceptionally located land holding, with scale.
The property is extremely well located in the suburb of Ilam, it adjoins Jellie Park Recreational Centre, to the north east boundary and Chateau Drive residential estate to the west. Adjacent to the site is Cobham Intermediate and Burnside Primary.
The opportunity allows the incoming buyer multiple opportunities; such as;
- Make some cosmetic works and seek a single tenant to create cashflow
- Continue running the property as a medical type business
- Demolish and redevelop the site for residential purposes
The complex was originally built as a care facility, for the Laura Fergurson Brain Injury Trust (LFBIT) circa 47 years as their main facility, however it is now time for them to move on. They have since purchased elsewhere to complete a fully purpose built facility to cement their future.
It is extremely rare that opportunities of this scale in an established location such as this becomes available to the market.
Don’t miss this add value opportunity with scale. Call the sole agents now for all details. For sale by Deadline Private Treaty closing 4pm, Thursday 26 March 2026 (unless sold prior). *Boundary lines are indicative only.
Features:
- Significant land holding 12,163 sq m (including 877 sq m standalone house)
- Established Ilam location
- Land holding with scale
- Close proximity to Canterbury University
- Neighbouring Jellie Park Recreational Centre
- Existing improvements on site
- Multiple development or hold options
- 36 ensuited bedrooms, 1 single room, 4 bedroom manager’s house, Separate 3 bedroom home with potential for further conversion of existing spaces
- Significant potential holding income whilst development is planned
- Burnside High School zone, Christchurch Boys’ High / Girls’ High School zone
More information: https://www.colliers.co.nz/p-NZL67037949
Property Files
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Will Franks
Agent's details
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Colliers Christchurch, South Island Commercial Limited, (Licensed: REAA 2008)
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