High profile property investor Richard Diver is selling down the first of Christchurch’s rebuild projects, the Carlton Butchery in Victoria St.
The old brick building, now home to acclaimed restaurant Saggio Di Vino, succumbed to the September 2010 earthquake and Diver wasted no time in demolishing it the next day.
Completed in 2012, it houses Diver’s own company, the Countrywide Property Group, which has led the charge in the street's redevelopment, law firm Lane Neave, Go Media and Saggio di Vino.
Diver says he originally rebuilt the four level Carlton Butchery with a two level penthouse apartment for his family’s use –it comes complete with swimming pool and rooftop garden.
“But the reality is that it’s easier to stay put in the family home, which we’ve just finished remodelling. We realised that it wasn’t so practical with kids and animals. Naturally I have mixed feelings about selling as the building is fantastic and I’d planned to retain it long term.”
Colliers International’s Ryan Geddes, who is marketing Carlton Butchery with Jonathan Lyttle, expects considerable interest.
“This is one of the most exclusive offerings in this price bracket to come to the market since the earthquakes. It’s in a fantastic location at the gateway to Victoria St, opposite the Knox Church and the Knox Plaza, soon to be home to Duncan Cotterill, Murray & Co and Canterbury Chambers. We think this is the first building to be completed within the four avenues since the earthquakes and it’s really paved the way for the future developments along the street.
“There are very few such medium sized properties available for purchase and any are being snapped up. For instance, last year there was strong competition for a new building we sold on the corner of Madras and Peterborough Sts.”
Geddes said the flexible design meant that the apartment space could retain its current use as office space. The building covers 1045m2 and has 10 carparks. A separate double garage for the two level apartment/office space is serviced by a separate lift which opens at both the lower and upper level.
Designed by Kerry Mason of MAP Architects, the building was one of the earliest examples to show engineering elements, such as steel frame structures, readily visible on the finished building to form a significant part of the overall architectural aesthetic.
Diver is credited with heading the revitalisation of Victoria St post earthquakes, and still has many plans on the go along the precinct including developments on bare land on another four sites including a carparking building.
Away from Victoria St, he is building an apartment complex and carpark in Kilmore St, a five level office and hospitality offering in Oxford Tce and a boutique hotel on the corner of Antigua and Tuam Sts.
Carlton Butchery is for sale by deadline private treaty, closing December 12.