Old Twisted Hop building on Lichfield Street boasts top hospitality tenants
The restored character building housing the Dux Central, at the former Poplar Lane in the Christchurch inner city, is being sold by the company that redeveloped the popular site.
The old Twisted Hop building, at 144 Lichfield Street, is owned by Patrick Fontein and Paul Naylor of Studio D4 and is being auctioned by Colliers International on Thursday, 9 November.
It is being marketed by investment specialist Courtney Doig and Colliers International’s local managing director Hamish Doig.
Fontein says they want to free up some capital for further investment opportunities they are eying in Christchurch.
“Dux Central took us two years of really hard work and we’re really pleased with how it’s looking now. We’ve had a lot of enquiry from people wanting to buy the building so it seems an opportune time to sell."
Fontein and Naylor are currently putting the finishing touches to another heritage project, the former National Bank building on the corner of Colombo and Armagh Streets.
The pair previously launched the Vodafone and Kathmandu developments in Christchurch's Innovation Precinct. They also developed and are the owners of the Innovation Precinct Carpark and are now developing and own the adjacent Lichfield Lane complex.
The Dux Central reopened in September 2015 to much fanfare.
The entire complex incorporates the Dux Central’s four offerings, along with the speakeasy cocktail lounge bar, the Pot Sticker Dumpling Bar and Sal’s Authentic New York Pizza. Canterbury Development Corporation occupies level one of the office accommodation.
Courtney Doig says the Dux Central building is the only survivor from the renowned Poplar Lane hospitality precinct and is now 100 per cent of the new building standard.
“There aren’t very many opportunities like this in Christchurch to buy a character building with the structural integrity equivalent to a new build, underpinned by such a highly regarded operators as Richard & Lisa Sinke who owns the Dux.
”It’s a fantastic building that the developers and tenants are really proud of.”
Fontein says the circa 1900 building was completely stripped back and is effectively a new building inside the old brick façade. Heavily reinforced large concrete foundations were poured, with new structural steel columns, a new roof and the inside was totally refurbished.
Follow Colliers International on Facebook and Instagram.
Get the latest commercial real estate insights and property news.
Looking for commercial real estate? Try our property search or connect with expert commercial real estate agents today.
Need your real estate assessed? Work with our expert property valuation services team.