Investment - Prime Position

Merivale, Christchurch City

Expressions Of Interest

Proposed Usage
Retail
Floor Area
570.00 m²
Land Area
1231.00 m²
Description:
Property ID
1c7381p

Well located on a high profile corner site on Papanui Road, St Albans/Merivale.

This landmark property is fully leased to the premium day spa Champs-Elysees, returning $116,000pa + GST net.

It is a true piece of Canterbury history. The significant Group 2 historical building was built in 1891 by Captain Gibson as the original home of the private girls boarding school Rangi Ruru, before Rangi moved to its current site, approx. 650m down Merivale Lane in 1923.

It then became know as "Roseneath House" and has been used as a hostel, a boutique hotel, a medical practice and now a luxury day spa.

This premium location on the corner of Papanui Road and Webb Street opposite Merivale Lane combined with a sizable land holding of 1,231m2* will always endure as a treasured investment for generations to come. (*approx.)

Contact Paula Raine 027 221 4997 for further information on this property.

For Sale: Vendor may consider offers + GST (if any)

Enquire about this property

Merivale Area