POTENTIAL ON PAPANUI - 'AS IS, WHERE IS'

49 Papanui Road, Christchurch

Investment For Sale

Auction to be held at 10am Thursday, 9 Nov 2017 (Unless sold prior)
Land Area: 1,517.00 m2.    Floor Area: 1.00 m2.    

Description

This is an 'AS IS, WHERE IS' opportunity on the high profile Papanui Road, comprising a total of 12 units and a managers house. The property was once home to a motel complex, 'Adelphi Motel' and is now available for genuine sale to a new purchaser.

The complex comprises a total site area of 1,517m², a significant land holding on offer for the tightly held Papanui Road location.

The units are north facing providing sun most of the day and great natural light to all units. There are ample on-site car parks available to each unit. The units are to be sold with all chattels included.

The property sustained damage in the 2011/2012 earthquakes and will be sold 'As is where is'. This now provides a great opportunity to add significant value to an outstanding high profile parcel of land. The vendor is motivated to move on and is committed elsewhere, allowing purchasers the opportunity to take advantage of this significant add value property.

Call the sole agents now for further details!

Features

  • 'As is, where is' - Add value opportunity
  • 12 motel units and a managers house with a mixture of bedrooms and options
  • On-site car parks available
  • Total land area of 1,517m²
  • High Profile Papanui Road location
  • Well appointed north facing units
  • Great potential income

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