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Merivale - Christchurch City, 138 Papanui Road

Block Star!

Auction 22 Mar 2018 Unless Sold Prior

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Listing Number: CR36456
About this listing
What's could be better than buying one refurbished apartment in a prime location? How about buying a block of 4 x 2 bedroom apartments in Merivale's "golden mile".

This mouth-watering opportunity is an investor's dream - with each of the four apartments subtly different in layout and outlook, appealing to a variety of occupants. The property offers a plethora of potential uses - short or long term accommodation, extended family, work from home, or home and income. Rent has been estimated at a potential $2,080 per week (on a fully occupied unfurnished basis) but in this sought after location the sky is the limit.

Refurbished inside and out to a very high standard, each apartment includes a new kitchen and bathroom/s, whiteware, double glazing, security alarm, air conditioning and soft furnishings. The grounds are carefully landscaped to ensure each occupant has an outdoor living space while keeping maintenance to a minimum. And you will always enjoy the underlying value provided by a freehold 612m2 parcel.

From here it's an easy stroll to the buzz of Victoria St's eateries, the boutique shops at Merivale Village and the green oasis of Hagley Park. Add to this easy transport links to the airport and proximity to enviable public & private schooling (zoned for CBHS/CGHS).

With our clients now focused on their next project and eager to sell, we encourage you to explore the possibilities and register your interest early, lest this star investment slip out of your grasp.

To download the auction information pack, please copy and paste the below link into your web browser:
Auction date
Thursday 22 Mar 12:00 p.m. (98 Moorhouse Avenue)
Unless Sold Prior
Open Homes
Wednesday 21 Mar 1:00 p.m. - 1:30 p.m.
Property Information
  • Approx Floor Area: 370 sqm
  • Land Size: 612 sqm
  • Tenure: Freehold
  • Approx year built: 1950
  • Property condition: Renovated, Excellent
  • Property Type: Apartment, Block of units
  • House style: Other (Apartment Block)
  • Garaging / carparking: Off street
  • Construction: Weatherboard
  • Joinery: Timber, Aluminium, Double glazing
  • Roof: Iron
  • Insulation: Walls, Floor, Ceiling
  • Flooring: Tiles, Vinyl and Carpet
  • Window coverings: Drapes, Blinds
  • Heating / Cooling: Ducted heating, Air Conditioning, Electric, Other (2 x Heatpumps, 2 x Ducted A/C units)
  • Property Features: Security system, Smoke alarms
  • Chattels remaining: Blinds, Fixed floor coverings, Light fittings, Curtains, 4 x Alarm, 2 x Heatpump, 2 x Ducted A/C Units, 4 x Underbench Oven, 4 x Induction Hob, 4 x Dishwasher, 4 x Rangehood, 4 x Microwave, 4 x Fridge Freezer, 4 x Combination Washing Machine/Dryer, 5 x Heated Towel Rail, 4 x Bathroom Heater, 10 x Extractor Fan, Outdoor Lighting, 4 x Smoke Alarms
  • Kitchen: New, Modern, Open plan, Dishwasher, Separate cooktop, Separate oven, Rangehood, Microwave, Pantry and Finished in Other (Engineered Stone)
  • Living area: Open plan
  • Main bedroom: Double and Built-in-robe
  • Bedroom 2: Double and Built-in / wardrobe
  • Bedroom 3: Double and Built-in / wardrobe
  • Bedroom 4: Double and Built-in / wardrobe
  • Bedroom 5: Double and Built-in / wardrobe
  • Bedroom 6: Double and Built-in / wardrobe
  • Bedroom 7: Double and Built-in / wardrobe
  • Bedroom 8: Single and Built-in / wardrobe
  • Main bathroom: Separate shower, Exhaust fan, Heater, Additional bathrooms
  • Laundry: Separate and In kitchen
  • Views: Urban, Private, City
  • Aspect: North, South, West, East
  • Outdoor living: Entertainment area (Uncovered), Garden, BBQ area, Deck / patio
  • Fencing: Partial
  • Land contour: Flat
  • Grounds: Backyard access, Landscaped / designer
  • Water heating: Electric, litres: Each cylinder is 250
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to shops, Close to schools, Close to transport

Contact Details

City Christchurch

Grenadier Real Estate Ltd

Licensed REAA 2008

98 Moorhouse Ave
Office website

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