Prime site on the market in Christchurch
Christchurch’s former temporary police station in St Asaph Street, built as a stop-gap until the Justice and Emergency Services Precinct was finished, is up for sale.
The large format single-level station covers more than 7,000sq m and sits adjacent to the Metro Sports facility.
It was officially opened in 2013 as a replacement for the former city police station on Hereford St, after it was deemed unsafe. More than 600 police staff were based at the station, which included a custody block.
The 1.6ha property is owned by Calder Stewart, which recently opened the new central city EntX cinema complex. It has 122 carparks and is currently leased to Wilson Parking.
Calder Stewart is predominantly focused on design and build construction and development in the industrial and commercial sectors, managing director Alan Stewart said.
“The reason for selling St Asaph Street is simply to repurpose capital into more typical Calder Stewart industrial and commercial projects rather than hold the current property asset.”
The company bought the site in 2007 for future development. Following the earthquakes, NZ Police approached Calder Stewart to lease the site and subsequently engaged Arrow International to build the temporary replacement.
Hamish Doig, Managing Director of Colliers International in Christchurch is marketing the prime site in conjunction with General Manager Mark Macauley.
“These buildings are constructed to Importance Level 4, which means they’re more than 100 per cent of the New Building Standard.
“We think this property will have immense appeal for value add buyers, people who see it as a strategic asset.
“Its location, adjacent to both the Metro Sports facility, Christchurch Hospital and within a short walk of the city centre and Hagley Park, make it very attractive.
“Given the IL4 rating, we believe this will have appeal to a wide range of operators, including associated hospital uses, a post disaster facility, tertiary institutions wanting an inner city presence, high density residential or aged care.”
The site’s CCMU zoning allows activities including light industrial, education, health facilities, residential activity and travellers' accommodation. Buildings can be 17m (four storeys) high.
Spanning 56-68 St Asaph Street, the property is in four titles and has three street frontages – Antigua, St Asaph and Acton Streets.
It is for sale by deadline, unless sold prior, closing 4pm, 13 December.
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