One of the last bare land development sites on the busy Moorhouse Avenue in Christchurch, with three street frontages, is now surplus to requirements and is being sold.
The 6,707sq m of land occupies a high-profile site on the corner of Moorhouse Avenue on the Christchurch CBD fringe, together with Antigua Street and Saint David Street.
Locally owned, the coveted land at 157-163 Moorhouse Avenue is for sale via deadline private treaty, closing 29 March. It is being marketed by Courtney Doig and Hamish Doig of Colliers Christchurch.
Sitting opposite the Parakiore Recreation and Sports Centre, which is currently under construction, the block lends itself to a wide variety of uses, says Courtney Doig.
Start your property search
“This is a rare opportunity for owner-occupiers or developers. The Commercial Central City Mixed Use Zone provides for a wide range of community, commercial, and business activities. It’s a blank canvas for the seasoned developer.
“The location opposite Parakiore is a big drawcard for any development. When finished, the Crown anchor project will have pools, a fitness centre and indoor sports courts. Another huge benefit is the site’s proximity to Hagley Park and Christchurch Hospital.”
Doig, Investment Sales Broker at Colliers Christchurch, says the vendor began accumulating multiple titles after the blueprint, which was produced post-earthquakes, outlined the new design of the CBD.
“The city’s proposed framework meant the business needed to look at options for new premises.
“Once they resolved the long-term future of their existing site, the alternative land they had accumulated became surplus to requirements.”
Situated on the northern side of Moorhouse Avenue, the land spans a considerable 235m frontage on the edge of the Christchurch CBD.
Moorhouse Avenue has been transformed in the past decade into a popular bulk retail homeware destination that includes Harvey Norman, Noel Leeming, Freedom, and Farmers, together with vehicle showrooms and a New World supermarket.
The area has seen significant office development as tenants seek higher car parking ratios and easy access, all close to the CBD.
- Article supplied by Colliers
