We are seeking interest in one of the best high profile commercial sites in Hokitika in years. This will be a deadline sale closing on Friday the 7th of March 2025 (Unless Sold Prior). On offer at 10 Sewell Street Hokitika is a 6547m² freehold site currently leased by the Department of Conservation. There are multiple buildings on the site one of which is solely owned by the Department of Conservation with all remaining buildings owned by the current vendor which include a river facing single storey 315m² office block with multiple offices and breakout areas all utilized by D.O.C, and has an earthquake rating of 70% NBS. A central hallway in this building links it by a covered walkway to the rather prominent two storey 420m² (ground floor area) brick building on the corner of Gibson Quay and Sewell Street. This building has multiple offices, breakout areas, reception, bathrooms and conference rooms on both floors and has a current earthquake rating of 50% NBS.
Interested parties should be aware this building is vacant and in need of immediate restoration and refurbishment. Due to the property's location and profile with the North/South highway this could be an exceptionally valuable site for redevelopment in the future for possible apartments, business or shopping hub and a plethora of other options limited only by one's imagination.
It should also be mentioned that the Department of Conservation has written with an expression of interest in extending their existing leases, however the vendor has decided that should the property be purchased then the new owner should determine that request.
The entire property is being sold on an "as is where is" basis so all parties are advised on their own thorough Due Diligence. All interested parties should contact the listing agent for all additional information including confidential leases and disclosures.
