A building with high visibility on the main route into the thriving seaside suburb of Sumner in Christchurch has come to the market.
Leased to popular hospitality brand Joe’s Garage, the property is located at 19 Marriner Street, the gateway into the village and one block back from the beach.
Courtney Doig, Investment Sales Broker at Colliers Christchurch, says the vendors have owned the property for the past eight years but have changed their original plans and have decided to sell at auction on Thursday 27 June.
“Options within the heart of Sumner village are rarely available, especially at this entry-level category. This site enjoys excellent profile and is in the heart of several new developments,” Doig says.
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“It offers numerous opportunities for the astute investor to either maintain the current set up and benefit from the established Joe’s Garage business, consider future repositioning of the modern improvements, or explore long-term redevelopment options.”
Sitting on 569sq m of land, the building is 131sq m. It was formerly a house but was bought by the Joe’s Garage franchisor back in 2009 and converted into the café, which is always in high demand.
The vendor says they’ve loved owning the site but are keen to consolidate now they are approaching retirement age.
“It’s a great spot, right in the heart of Sumner. We’ve loved it. We love the whole vibe of the restaurant and we’ve always looked after the building to make sure it’s well maintained.”
Sumner itself has long been one of the most sought-after residential suburbs in Christchurch and now the village is undergoing a considerable transformation.
“There’s a real buzz in the village and a lot of excitement about the opening of the cinema and other new commercial and residential developments,” Doig says.
Work is poised to get underway on the first stage of luxury two and three-bedroom apartments in a $120 million development on the corner of Marriner Street and The Esplanade while a $14 million colonial style complex beside Joe’s Garage, on the corner of Marriner and Burgess Streets, will feature 12 apartments and townhouses plus three shops.
The cinema is being extensively refurbished and has been leased to high-end operator Silky Otter.
Around the corner in Nayland Street, the SuperValue supermarket was recently expanded to cope with growing demand and a new hospitality offering is set to open later this year.
- Supplied by Colliers
