A stunning mid-century building overlooking the Avon River in Christchurch is being offered for lease for the first time since it was built more than six decades ago.
The landmark low-rise was designed for and previously occupied by the highly respected Trengrove, Trengrove & Marshall architects (now known as Totem Studio Architects) since its construction in 1961.
Earlier this year, local property developer Justin McDonald bought the gem amid fierce bidding at auction.
Located at 82 Oxford Terrace, in between the medical precinct and CBD and opposite the Memorial Wall, the building is being marketed by Brynn Burrows, Director of Office Leasing at Colliers Christchurch.
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“The competition for the property at auction highlights its unique nature, both in terms of timeless architecture, functional design, great natural light, unique location, and picturesque views,” Burrows says.
“The building’s enduring design and strategic location offer a unique opportunity for businesses seeking a space that combines historical significance with modern functionality.
"Trengrove’s long tenure not only underscores the building’s suitability for professionals but also cements its place in the city’s creative and commercial history.
“Mid-century architecture is largely absent in Christchurch, making this a rare and highly sought-after opportunity.”
A short stroll to the ever-popular Riverside Market, 82 Oxford Terrace is also close to Te Pae Christchurch Convention Centre, the retail precinct, and Christchurch Hospital.
One tenant could occupy the entire space of 347sq m, or it could be split into smaller tenancies from 30sq m up. On-site car parking further enhances its appeal.
A seasoned property developer, McDonald sees opportunities aplenty in Christchurch.
“A lot of the Christchurch CBD is still undervalued compared to other parts of New Zealand. Christchurch has a big future, especially for that spot which is truly special.
"I was born and bred here and love it. I had a look around elsewhere but there was nothing comparable to this property. If I could, I would buy more in that area.”
While McDonald has bought and sold plenty of properties previously, 82 Oxford Terrace is for keeps.
Demand is high for office space in the CBD with businesses keen to be an integral part of the city’s increasing vibrancy, Burrows says.
“Any available spaces are few and far between, as office vacancy continues to be at a record low. With Christchurch bucking the economic trend of the other main centres, a lot of businesses are in growth mode and searching for larger spaces.”
Burrows says the city is into its second phase of rebuild development with construction activity throughout the CBD but particularly focused on the area east of the core, around High Street.
- Supplied by Colliers
