A large-scale site on Christchurch’s CBD fringe is suitable for either residential or commercial development and will appeal to those wanting a strategic foothold in the inner city.
Marketed by Courtney Doig, Director of Investment Sales at Colliers Christchurch, alongside colleague Will Franks, the opportunity comprises two freehold sites, available individually or together, located on the corner of Manchester and Salisbury Streets next to Briscoes’ city store.
“There’s a real scarcity of large sites like this in the CBD that offer unmatched flexibility and scale for developers, investors, and owner-occupiers. With outstanding visibility and connectivity, the site is now poised for a new vision,” Doig says.
The offering spans two prime land titles totalling 8,007sq m, and is for sale by deadline private treaty, closing 12 June.
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“Our vendors have decided not to proceed with their plans for this pivotal central city site, paving the way for another development opportunity. The Commercial Central City Mixed Use zoning lends itself to a variety of uses. It’s an outstanding CBD development opportunity supported by ongoing strong demand for residential and mixed-use projects.”
The build-ready 5,379sq m cleared parcel at 300 Manchester Street removes initial obstacles, Doig says, enabling a smooth transition into planning and construction.
The adjoining property at 310 Manchester Street comprises a showroom, office, and warehousing integrated into a single 1,992sq m building on a 2,628sq m site.
“This smaller site is a great occupy or add-value turnkey opportunity. Alternatively, prospective buyers may choose to demolish the existing improvements and masterplan the combined holding, offering a substantial site with significant scale,” Doig says.
“Many different opportunities exist for this unique property. Whether you’re looking to secure a premier CBD position for your business, landbank for future growth, or develop immediately, this is a strategic holding that is in a league of its own. The regular shape of the land parcels ensures cost efficiency and versatility for future development options.”
The parcels are located in a rapidly developing fringe CBD setting that has undergone significant transformation in recent years, evolving into a vibrant hub of commercial and residential activity.
Surrounded by established low-rise office developments, the location is close to the Victoria Street hospitality and retail precinct, and near surrounding amenities, including anchor projects such as the Avon River Walkway, Te Pae Christchurch Convention Centre, and Te Kaha stadium.
- Supplied by Colliers
