CBRE, as sole agent, is pleased to present for sale 60-72 Papanui Road and 51 Onslow Street, being a 7,307sqm development site of significant scale in a prime Merivale/St Albans location, with a consented 154 room hotel to give options.
The property is strategically positioned close to key nearby amenities including Christchurch’s CBD, Hagley Park, Merivale Mall as well as St George’s and Southern Cross Hospitals.
Zoning for Christchurch Boys'/Girls' High Schools is provided with additional options nearby for private schooling including St Andrew’s College, St Margaret’s College, Selwyn House, Rangi Ruru Girls’ School and Christ’s College.
This high-profile site to Papanui Road provides a combined street frontage of 140sqm with excellent access to public transport and arterial routes leading in and around the city.
Opportunities are extremely rare to acquire development sites of scale with favourable zoning to maximise value in this prime location.
The property is being offered for sale by way of Deadline Private Treaty with offers due by Thursday 3 June 2021 at 4:00pm (unless sold prior).
Key features:
• Land area: 7,307 sqm (approx)
• Prime Merivale/St Albans location
• Residential medium density zoning
• Resource consented for 154 room hotel
• Walking distance to Hagley Park and CBD
• Excellent school zoning and nearby education options
• Multiple titles further increasing flexibility of development options
• Dual high profile frontage
For further information, please contact the listed brokers, Tim Rookes, Cameron Darby or Warren Hutt.
