A former warehouse in Addington, Christchurch, that has been converted into trendy fully tenanted shared office space, is being offered for sale.
The transformation of the Bernard St complex was completed last December and comprises 11 offices, a café and gallery built within the shell of a pre-existing warehouse.
Investment sales broker Dick Thomas of Colliers International, who is marketing the property with Sam Cowdy of Cowdy & Co, said the complex is among the first in Christchurch to mirror the international trend towards flexible, interactive, lifestyle-based work places.
“The development is a response to specific local demand as well as shifting trends in the global office market. The emerging preference among some smaller tenants is for more interactive lifestyle workspaces. These sorts of tenants are enjoying the community that complexes such as Bernard St offer – not only because of the cost efficiencies but because of the social aspect of working alongside more people along with the potential for collaboration and networking,” Thomas said.
The original 1980s building covered 670m2 and was converted into a new 960m2 architecturally designed office space over two levels within the warehouse shell. The offices are organised in two wings overlooking a central high stud atrium. The structures comprise black structural steel, portal frames, insulated concrete panels and aluminum framed, floor to ceiling double glazed windows and doors. There are 27 car parks.
Thomas said the complex is fully tenanted with a diverse mix of well-established regional businesses. Tenancies range in size from 37m2 to 94m2 and share the atrium, a boardroom, kitchen and bathroom facilities.
“The ability to accommodate smaller, high growth business alongside larger established tenants brings flexibility to the rent roll that cannot be matched by many traditional commercial buildings.”
The complex, which was nominated as a finalist for the national 2015 Interior Awards, is being offered for sale by deadline private treaty, closing November 17.
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