Two brand-new ground floor units on Lichfield Street, Christchurch, are offering owner-occupiers a rare chance to buy into the city’s fast-evolving East Frame, a network of green spaces and public realm a stone’s throw from the city’s new stadium.
Offered individually, the 114sq m northern unit and 31sq m southern unit at 115 Lichfield Street will suit retailers, hospitality operators, and professional users wanting a permanent CBD base.
The properties are being offered for sale by deadline private treaty, closing at 12pm on Friday 6 November, unless sold prior.
“It’s unusual to be able to get an entry-level price point in the CBD for retailer owner-occupiers,” says Colliers Christchurch Director of Investment Sales Courtney Doig.
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She is marketing the two premises, which are part of Fletcher Living’s One Central residential development spread over six city blocks in the East Frame area.
“With the hype and buzz around the stadium and the Downtown construction commencing next door, these premises are going to be part of a thriving hub within the CBD.
“It’s exciting for an occupier who doesn’t want to lease and would prefer to own and be in amongst it.”
The southern unit fronts directly onto Lichfield Street, while the northern unit looks out towards the greenspace of Rauora Park running along the East Frame.
Doig sees the compact southern space suiting a service-type business such as a barber or a hole-in-the-wall hospitality provider.
Among the multiple options for the larger northern unit, she envisages a destination cafe or office environment making the most of the outlook onto the park.
Newly completed, the building offers modern construction in a contemporary setting, and its flexible accommodation suits occupiers from customer-facing retail and hospitality through to professional services and emerging concepts seeking a distinctive CBD presence.
The building sits within one of the most connected pockets of central-city living, moments from the 30,000-seat Te Kaha Stadium, the retail and dining precincts of Little High, Riverside Market, The Crossing, and New Regent Street, Te Pae Convention Centre, Turanga library, and the Avon River and Margaret Mahy playground.
It is also within Christchurch’s Innovation Precinct, among a growing mix of businesses, residential developments, and public spaces. The planned $130 million Downtown precinct next door will add retail, hospitality, commercial, and residential activity.
The East Frame’s network of green spaces and public realm add a more connected, attractive environment for people working, living in, and visiting the area.
The One Central development where the building is located surrounds Rauora Park from Lichfield Street to Kilmore Street. The final stages are now under construction.
Demand across the development has been high. “The apartments in this building have only just been released and they’re selling really strongly,” Doig says.
“We anticipate great interest in these two commercial units – they should be snapped up quite quickly.”
- Supplied by Colliers
