The revitalisation of Christchurch’s CBD as a thriving location to work and live is fuelling demand from developers, hungry for vacant land or conversion opportunities.
One such property ripe for redevelopment or repositioning is a central city offering directly opposite the proposed Te Kaha Canterbury Multi-Use Arena.
Spanning a combined land area of 2,872sq m at 298 Tuam Street and 181 Barbadoes Street, the site enjoys a third frontage onto Saint Asaph Street and is home to an accommodation and meeting venue.
Courtney Doig, Investment Sales Broker at Colliers Christchurch, is marketing the holding by deadline private treaty, closing 5 April, on behalf of the Community of the Sacred Name (CSN).
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“There are plenty of options for owner-occupiers and developers alike with a Central City Mixed Use zoning allowing for residential, office, and or retail developments. It could be repositioned for office use, or alternatively used as it stands as accommodation,” Doig says.
“Coupled with favourable underlying mixed-use land, the offering also comprises a permanent material building, architecturally designed by Don Donnithorne in the early 1990s as a Retreat House.”
Donnithorne was asked to design a single storey brick building with a drive-in entrance from Tuam Street. It has 15 rooms and forms one side of the established quadrangular garden, opposite the on-site chapel.
The floor area of the Retreat House is 430sq m in Tuam Street and 92sq m in Barbadoes Street.
Doig says the CSN Sisters have been using Retreat House until recently but the character 1911 brick building that previously sat on the site was demolished following the Canterbury earthquakes.
CSN began as a very small sisterhood and has remained so. When first established in the late 1890s, their work was largely in community outreach programmes but today an important part of their work is organising retreats for a number of different groups.
“The sisters have now relocated to a suburban site, so the property is now surplus to their requirements. Funds from the sale will be used to further their work,” Doig says.
The prime development opportunity sits to the east of the SALT District, a busy central city locality that has flourished in the expanding CBD.
SALT has been dubbed Christchurch’s most alternative and vibrant neighbourhood; a careful fusion of heritage and modern buildings, with mural-splashed laneways and plenty of greenery and outdoor space.
- Article supplied by Colliers
