On behalf of valued client Foodstuffs South Island Limited, Colliers, as exclusive agents, are pleased to offer this significant value add property situated in Bishopdale and surrounded by an abundance of amenity.
Once a New World supermarket built in two phases, with the original section dating back to the 1960s, this property now presents an excellent opportunity for repositioning or redevelopment.
Whether for retail, commercial use, or community activities, its extensive space offers great potential.
Located at the heart of the Bishopdale Shopping Centre, also developed in the 1960s, this significant building enjoys convenient access from both Farrington Avenue and Harewood Road.
The property at 11 Bishopdale Court features two smaller retail units, while 15 Bishopdale Court, formerly the supermarket, is now available with vacant possession.
Both buildings retain their original condition and are fully insured, although they would benefit from seismic upgrades and no longer meet desired seismic rating.
Subject to approval by the Christchurch City Council (CCC), the site could be well-suited for residential redevelopment with further benefit from the vast surrounding carparks.
For Sale by Price by Negotiation.
*Boundary lines are indicative only.
Features:
* Combined land area 1,880sq m
* 2,176sq m across both assets
* Considerable value add appeal
* Benefit of shared carparking in the Bishopdale Shopping Centre
* Owner occupier opportunity
* Opportunity to add value
* Zoned Commercial Core
* Tightly held asset
* Holding income available
* Refurbishment or redevelopment opportunity
