277 Papanui Road, Merivale, Christchurch

Consider the Possibilities

Price by negotiation - Vendor invites offers

Sadly, the magnificent home known as 'LAREL' and constructed back in 1923, was irreparably damaged by the February 2011 earthquake. Now an opportunity exists to 'reinvent' this very popular and almost iconic address which features wide street frontage along with huge development potential. Zoned L1 and comprising a generous 1,518sqm the location is just a short stroll to the Merivale Mall, and even closer to St Andrews College. The proximity to Christchurch International Airport and a selection of sought-after private schools also underpins the value here.

Explore the myriad of possibilities that are available to an astute buyer prepared to go for council consent given the location and its appeal to retailers, health, education and accommodation providers.

School zones include Christchurch Boy's and Christchurch Girl's High Schools, Heaton Intermediate and Elmwood Primary.

The in-ground pool remains with only minor damage.

CERA Zone TC3 a recent Geotechnical report indicates this is a TC2 site, suitable for TC2 foundations.

Rateable Valuation - Land Only, $975,000 (01/08/07).

Phone or email agent for further information.