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Christchurch

Historic gem and adjoining land opportunity in the heart of Christchurch

JLL marketing the Magistrates Court building and adjoining land


 

 

Historic gem and adjoining land opportunity in the heart of Christchurch/new-zealand/en-gb/news/865/historic-gem-and-adjoining-land-opportunity-in-the-heart-of-christchurchChristchurchHistoric gem and adjoining land opportunity in the heart of Christchurch
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Magistrates Court and land small-min.jpgA piece of Christchurch’s history is on the market. JLL is marketing the Magistrates Court at 85 Armagh Street and an adjoining large land holding on the Corner of Durham and Armagh Streets for sale or lease.

The Magistrates Court is a Category 1 heritage-listed Victorian building in central Christchurch. The 1,142sqm property consists of three well-connected buildings. The main Magistrates Court building – a two-storey central block building with a single storey surrounding structure – was constructed in 1880-1881 on land that has been owned by the Crown since 1863. In 1908, a similar two-storey building was constructed at the southern end of the existing building. A public lobby area was added in 1997 when the entire property underwent strengthening work.

The Magistrates Court has been well maintained throughout the years, and is the oldest purpose-built court building remaining in Christchurch. Today, it has an NBS rating of a minimum of 90%. 

Also for sale is bare land on the corner of Durham and Armagh Streets. This site is 967sqm and is zoned Central City Business, which allows for buildings to be constructed up to 28 metres high with frontage to Armagh Street of 79.5 metres. 

JLL agent Chris Harding, who is marketing the property says, “together, the Magistrates Court and the bare land have a total area of 4,086sqm, meaning that a significant portion of central Christchurch is on the market right now. Whether purchased together or separately, this is a huge opportunity. Alternatively, the Magistrates Court buildings can be leased to the right tenant/s.”

The vendor of the property is Science Alive, who are taking residence next door in the former Christchurch District Court building in 2018. 

Executive Director for Science Alive’s investment company, Tony Mortensen says, “The bare land and the beautiful historic Magistrates Court are excess to our current and future needs and therefore, we will be looking at sale or lease options via the marketing campaign over the following month.”  

Chris Harding adds that the property is in a significant location with plenty of development in the area at present. 

“The new Convention Centre on Cathedral Square is currently underway, and the new Christchurch Library will also be within a close proximity. Backed by Regenerate Christchurch and the City Council, these projects aim to bring more people and tourists back to Christchurch CBD. This will inevitably be helped along by the decision to restore the Christchurch Cathedral, which historically has always been an important landmark for the city.

“The Magistrates Court building is a valued part of the Christchurch city landscape. It has been the Family Court building for some time now and its unique structure makes it suitable for offices, a restaurant, or even a hotel operator looking to benefit from the location and proximity to the new Christchurch Convention Centre.” 

The properties are for sale through International Open Tender – for sale or lease, with tenders closing 4pm Tuesday, 19 December 2017 (NZ time).