This is an opportunity to secure one of the last remaining ‘as is where is’ developments within the heart of the CBD, surrounded by mixed office, retail and hospitality offerings.
Comprising the former Warren and Mahoney designed Guardian Assurance house, this mid-rise building has been stripped back to a structural shell while multiple development options were advanced. The building currently provides for a basement level (with circa 10 car parking spaces), ground floor and six upper level floors. Excellent surrounding views are obtained from the upper levels.
The property is strategically located, being one site to the east of Oxford Terrace and the Avon River, close to the entrance of Cathedral Square and opposite Fat Eddies, The Terrace and one block to the north of Cashel Mall and Riverside Market.
More recently, extensive onsite works have been completed preparing the site for repositioning. This included some initial structural work and strengthening. Two proposals have been closely considered with resource consent approved for each. These include a 70-room hotel concept with ground retail, as well as a seven-storey office conversion. These concept plans are available to qualified buyers.
We strongly encourage a full viewing to fully appreciate the building and location, as well as the views available from the upper levels.
For sale by Auction held 10am, Thursday 1 June 2023 (unless sold prior). Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.
*Boundary lines are indicative only
*Artist impressions only
- Contact our experts for details on this transaction