Renovated villa offers sought-after suburban commercial space

21 November 2018

A historic villa in Beckenham, Christchurch, is expected to be in demand among owner occupiers looking for attractive, high quality suburban commercial premises.

The 120m2 property, at 109 Colombo St, is being marketed by Savills agents Ben Cameron and Matt Jones and is for sale by deadline private treaty closing 4pm 5 December.

The property, which is being offered vacant, has been restored to an exceptional standard and offers very high quality business premises in a popular location, says Cameron.

“This is a stunning renovated character property which is currently used as an office. It’s situated in a busy residential area which has been proven as a highly valued location for businesses which service the surrounding affluent customer base, with many long-established commercial occupiers in the area.”

The building was renovated by its current owner occupier, Debbie Rimmer Landscape Design, with the project winning a commendation in the 2016 Christchurch Civic Trust Awards. Most of the original features of the house, which was built in around 1910, were carefully retained during the restoration project.

The villa is a good example of how a former domestic dwelling of another era can begin a new life as a peaceful, functional business premise without losing its character, according to the 2016 Civic Trust Awards judging panel.

The sale presents a good opportunity for a business to acquire quality character space in a busy locality, where there is low availability of commercial premises and high demand from occupiers, says Cameron.

“For businesses looking for their own standalone premises in key suburbs in Christchurch, there are not a lot of options. While there is availability in business parks and in new developments in the central city, a lot of occupiers are looking for small, unique buildings in select suburbs that will enable them to project their desired brand image directly to their customers.”

The property, which sits on a 480m2 residential-zoned section, has consents in place to be used for commercial purposes. It provides four separate rooms, kitchenette, bathroom, front and rear verandas and attractive landscaped grounds. Off-street parking is also included.

The villa is likely to fit the bill for many small businesses searching for quality suburban commercial premises, Jones says.

“There are a great number of business sectors which need to be located in the suburbs near their customer base. These include doctors, dentists, beauty clinics, hair salons, childcare centres, architects, cafés and many others. This presents a great opportunity for a business in any of these sectors to acquire an attractive character property in a busy locality.”

The property is also expected to be attractive to investors who could purchase the property and offer it for lease, says Jones.

“There is strong demand for high quality, small character premises in good locations in Christchurch and not a lot of availability. Because of that, the rents which landlords can command for attractive, unique standalone buildings have held up quite well in the suburban office market.”

The property is located in Beckenham, which is home to a mix of residential and boutique commercial uses. The Christchurch central business district is located 10 minutes’ drive to the north.

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Key Contacts

Ben Cameron

Ben Cameron

Executive
Sales

Savills Christchurch

+64 (0) 21 107 3540

 

Matt Jones

Matt Jones

Executive
Capital Transactions

Savills Christchurch

+64 (0) 3 977 9990