FERRY BRIDGE LODGE

Ignore previous price expectations, this property is to be sold on Auction date

* Magnificent residence in a very attractive setting
* Minutes from town overlooking the river
* Rental income from outbuildings and cottage
* 4 hectares, river front property

Ferry Bridge Lodge is a classic residence with its own rare and timeless charm. Boasting wonderful established gardens with mature English trees, a grass tennis court and a swimming pool all overlooking the Waiau River and surrounds.

This property encompasses five bedrooms, three bathrooms, a large living room, a study room, the kitchen with open plan dining/family area and an impressive enclosed porch area looking out over the sweeping grounds. The large master bedroom enjoys fantastic views and the panorama from the ensuite has to be seen to be believed. Heating options throughout include fireplaces and heat pumps.

This property would also make an ideal lodge, bed and breakfast or backpacker residence or a timeless function venue catering for corporate groups, special events and romantic weddings.

Rental income of $18,000 per annum is provided by the leasing of the workshops and outbuildings to Thrillseekers Adventures tourist operation across the other side of Hanmer Springs Road. There is also a one bedroom cottage on the site attracting $150 per week rent.

Hanmer Springs, just 90 minutes from Christchurch City is growing in popularity and had record visitor numbers over the summer of 2009 and 2010. Expansion of the Thermal Hot Pools continues as does development of the town centre. The St James Bike Trail is due to be opened by the Prime Minister in December 2010.

Its rare to find a lifestyle block around Hanmer Springs and this one has so many upsides and options. Will be sold on Auction date.