• Bottom-drawer investment
• Long-established tenancy
• Prime location in the heart of Merivale - one of Christchurch's most prestigious areas which is convenient to the Casino, One NZ Stadium and the CBD
• 4-bedroom accommodation for manager with open-plan living and kitchen
Prime, long-term cashflow in a nationally recognised tourism location just a stone’s throw from Christchurch’s Central city, 43 Papanui Road offers investors a rare chance to secure a quality, leased motel asset in a proven accommodation precinct.
The property comprises 22 well-maintained, diverse units, providing operational flexibility and broad appeal to short-stay and longer-stay guests. NBS is 100%, which makes this a favourable and sound investment.
Underpinned by a substantial 35-year lease term and substantial rental, this investment delivers secure, predictable income with minimal day-to-day involvement. The strategic location benefits from excellent connectivity to the CBD, healthcare, hospitality and retail amenity, and key transport routes servicing domestic and international visitors.
Seldom do motel investments of this calibre and tenure come to market in such a central position. 43 Papanui Road represents an attractive, scalable addition to any property portfolio seeking dependable income and long-term tenant commitment.
35-year lease in place returning $240,000pa + operating expenses and GST. Full information is available upon request.
Contact the sole agents for more information.
