The multi-award winning ‘Merivale Manor & Apartments’ comprising ten elegant and luxurious Manor House Suites, eight fully appointed Studios and six three-bedroom townhouse apartments is now available for sale as a business lease (Manor) and freehold combination (Apartments).

With returns we have not seen for similar sized operations this is a timeless offering attributing its performance to the trusted and steadfast brand, further strengthened with a strong corporate and visitor customer base. Extensive long-term agency and corporate contracts further underpin the business model while the experienced team achieve key productivity milestones on a day-to-day operation.

Attention to the smallest details is an ethos that is readily evident. From the manicured and dressed grounds, gardens and signature trees adorning the property to the beautifully furnished and immaculately kept interiors of the accommodations – prospective purchasers will soon discover they have unearthed a hidden gem. The complex is also ideally situated within proximity to the central city, minutes from Christchurch International Airport and a short stroll to the upmarket Merivale Village.

Leasehold Business - Merivale Manor

The leasehold business ‘Merivale Manor’ is located at 122 – 126 with a Managers Residence located directly next door at 132 Papanui Road. The business comprises the original Manor House, a fully restored heritage homestead owned originally by the Webb Family circa 1882 (Te Wepu) with ten luxury Manor suites, eight studios and a separate four-bedroom managers residence. All incorporate nods to the sites historic past while basking in glorious surrounds of hedges, magnolias, manicured lawns, and feature trees.

Freehold ‘Merivale Apartments'

The ‘Merivale Apartments’ at 123 Papanui Road comprise six contemporary, north-facing townhouses, all with three bedrooms and two bathrooms are available for sale freehold. Each townhouse is individually titled, offering flexibility for the incoming owners. Currently, these apartments provide fully self-contained accommodation on a nightly or weekly basis for up to six people. They boast modern amenities such as full kitchens, laundry facilities, dining and living areas. The apartments are equipped with underfloor heating and heat pumps for optimal comfort. The revenue generated from these apartments is substantial and is incorporated in the overall business numbers.

Offerings of this quality, location and reputation are seldom available. The long-term owners have built a wonderful legacy and now seek expressions of interest from savvy investors/operators who appreciate exemplary returns from a five-star investment.

Being offered to the market by way of deadline sale closing 4pm, Tuesday 5th December 2023 (unless sold prior). Standard confidentiality and vetting processes will be applicable.