• 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.
