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Investors still have appetite for quality in Christchurch

Investors still have appetite for quality in Christchurch

Date Posted: Jun 30, 2008

Two of Christchurch’s best known restaurants, one in a modern site and the other in an historic home, are on the market.

Dorothy’s is being offered as a freehold going concern while the business of JDV in Merivale is for sale.

Dorothys, at 2 Latimer Square, was designed in 1916 by architectural firm Clarkson and Ballantyne for Dr Alfred Sandston, a noted Christchurch doctor and city councillor.

It was built as consulting rooms and a residence for Sandston and his family and is an eclectic blend of styles with a strong Gothic influence. The house was used as medical rooms until the 1950s when it became the offices of The Social Service Council of the Diocese of Christchurch during the 1970s. Over the past three decades the house has been the scene of several hospitality ventures.

Marketing agents Philip Cooper and Craig Thiele, of Colliers International in Christchurch, said that despite several changes in use over the years, internally Dorothy’s remains in near original condition.

Meanwhile JDV has been a Merivale mecca since it was opened in 2002 by the present owner.

Cooper: “The current owner has reluctantly decided to sell JDV because of his obligations to other hospitality interests. The present restaurant already has a substantial and continuing business base but now needs to be taken to a new level. Ideally it is an excellent opportunity for an owner/operator, however, it could be run by experienced management..”

Cooper said there was continuing demand for good quality hospitality industry businesses.”

Both Dorothy’s and JDV are for sale by negotiation.

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For more information, please contact:

Philip Cooper

Philip Cooper

Business / Investment Broker
Christchurch Brokerage
Phone: +64 (3) 365-7887
Fax: +64 (3) 366-0931
Email: philip.cooper@colliers.com

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