Deadline Sale 3pm, Wed 21 Nov 2018 (unless sold prior)

Proudly presenting Cheltenham House, a boutique B&B on 3298sqm in the heart of Hanmer Springs.

Invest in the land, earn a living, or secure a lifestyle from this property, with its first release to market in more than 23 years.

Cheltenham House B&B is one of the longest-running providers of high-quality accommodation in popular holiday destination Hanmer Springs and a signature home in the central township. Built in the 1930s, Cheltenham House has been lovingly refurbished and renovated to an exceptional standard. The owners have spared no expense, with period timber panelling, polished wooden floors, and opulent period fittings. Four spacious elegant suites and two private garden suites for accommodating guests. Cheltenham House also has three-bedroom wing for an owner-operator or live-in manager, supporting both income and lifestyle.

This is ultimately an eye-watering opportunity to own the last substantial land holding for development in central Hanmer Springs. Land sales in central Hanmer Springs are hotly contested, with properties within walking distance of the local tourist village best placed to realise its business and lifestyle potential. Just 200 metres from the renowned Hanmer Springs Thermal Pools and Spa and the local dining and shopping precincts, Cheltenham House offers enticing scope for an astute developer, and the owners are open to all options (resource consent for subdivision is currently with Council).

Very few properties of this scope and calibre come on to the market: immediate income, genuine investment value, and a character home to fall in love with. Selling as a going concern including an extensive list of quality chattels. Act now to secure your piece of paradise in this progressive alpine village.

Please copy and paste this website address into your internet browser to download the property files:

http://www.propertyfiles.co.nz/property/cheltenhamhouse