A Category 1 heritage building in Napier that is steeped in local history is being presented to the market for sale for the first time since it was originally constructed in the 1870s.
Located at 59 Marine Parade in Napier, the property is widely known as Conservation House and was first used as the Napier Courthouse.
Partly refurbished and seismically strengthened, the multi-level property has a floor area of 1,143sq m and is currently home to the Department of Conservation.
It has a lease that expires in March 2024.
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The property is sitting on a high-profile corner site that spans 1,308sq m and boasts excellent street presence in a sought-after location.
There is also on-site car parking, offering convenience for occupants and visitors.
Ideally suited towards accommodation, offices, or a mixed-use offering, including hospitality, purchasers will see significant opportunity in restoring this William Henry Clayton-designed masterpiece.
Ash Hames, Commercial Broker at Colliers Hawke's Bay, has been exclusively appointed to market the property for sale via tender with the deadline for offers closing at 3pm on Wednesday 29 November.
The design is a timber framed structure clad with weatherboards, timber doors and windows, a flagpole, and veranda.
It has a roof structure supported by heavy timber trusses with galvanised iron sheathing, and it is set on timber pile foundations.
Foundation strengthening was undertaken in 2010, including subfloor bracing and improved structural connection of piles to bring the NBS rating up to 67 per cent.
The two-storey building is characterised by the use of simple classical elements adapted for timber construction.
The current layout of the building provides 821sq m of space on the open plan ground floor, which includes offices, storage, and amenity areas.
The first floor spans 322sq m and includes further office space and a viewing platform to the ground floor.
Hames says this is an incredibly rare opportunity to acquire a property that has significant local profile and is steeped in Hawke's Bay history.
From its beginnings as the Napier Courthouse through to its current usage, this building has always enjoyed considerable profile in Hawke's Bay and its prime position on the sought-after Marine Parade only adds to its appeal, Hames says.
The potential is significant for an owner with a strategic vision to redevelop this site and capitalise on its prominent position.
There's a string of popular local hospitality spots in the surrounding area that truly capture Napier's culture and character.
Hames says the beauty of this offering lies in the multitude of options that will be available to the new owner.
"There is potential to create an accommodation site that could retain the existing character and feel of the building, while another office development in the city would be well received given the current shortage of premium space on Marine Parade.
This property gives buyers the opportunity to own a slice of Hawke's Bay history given it is one of Napier's oldest buildings."
Article supplied by Colliers
