Medal of Merivale
• Prime opportunity in the heart of Merivale
• First time on the market
• Multiple tenancies returning $259,926.55 per annum plus outgoings and GST
• Split risk investment with six separate established tenants
Bayleys is proud to present 186 Papanui Road situated in the heart of Merivale, one of Christchurch's most prestigious suburbs. This high-profile location on a major thoroughfare with approximately 20,000 vehicles passing per day guarantees excellent visibility. Surrounded by upscale boutiques, cafes, and professional services, Merivale has transformed into a niche centre catering to affluent residents with specialist and higher-value retail offerings.
The property is fully occupied with six separate tenancies over the floor area of 551sqm situated on a freehold title of 1,011sqm.
With motivated vendors, call today for further information.
100% occupied returning $259,926.55 per annum plus outgoings and GST. Full tenancy details are available on request.
• First time on the market
• Multiple tenancies returning $259,926.55 per annum plus outgoings and GST
• Split risk investment with six separate established tenants
Bayleys is proud to present 186 Papanui Road situated in the heart of Merivale, one of Christchurch's most prestigious suburbs. This high-profile location on a major thoroughfare with approximately 20,000 vehicles passing per day guarantees excellent visibility. Surrounded by upscale boutiques, cafes, and professional services, Merivale has transformed into a niche centre catering to affluent residents with specialist and higher-value retail offerings.
The property is fully occupied with six separate tenancies over the floor area of 551sqm situated on a freehold title of 1,011sqm.
With motivated vendors, call today for further information.
100% occupied returning $259,926.55 per annum plus outgoings and GST. Full tenancy details are available on request.
Key features
Floor area details
551sqm total floor area
Land area breakdown
1,011sqm freehold title
Passing income
Returning $259,926.55 per annum plus outgoings and GST
