Church is a tenant at Harewood
The lower floor of the property once accommodated Stonewood Homes, but is now vacant. Photo / Supplied
The land and buildings partly occupied the Anglican Diocese of Christchurch has been placed on the market for sale.
The expansive 2000sq m two-storied building — at 10 Logistics Drive, Harewood — sits on 5019sq m of freehold land and has 80 car parks attached to it.
The Anglican Diocese of Christchurch occupies the upper level, with a lease running through until the end of 2019 and two further six-year rights of renewal. The lease generates an annual income of $301,000 net, with annual rental increases tied to the Consumer Price index and a market review every three years.
The Diocese of Christchurch is one of the seven dioceses of the Anglican Church of New Zealand and Polynesia. Anglican Care Canterbury/Westland, which operates from the Logistics Drive offices, is the social services and social justice arm of the Diocese of Christchurch.
Anglican Care provides support, governance and administration over its four main divisions — The Christchurch City Mission, Anglican Aged Care, Anglican Care Community Development, and Anglican Care South Canterbury.
The lower floor of the property was previously used by Stonewood Homes, but is now vacant.
The Logistics Drive premises is on the market for sale or lease by negotiation through Bayleys Canterbury and features in Bayleys’ latest Total Property portfolio magazine.
Salesperson Stewart White said the stylish rectangular-shaped building with floor to ceiling glass was built in 2013.
White says that with the open plan layout bottom floor completely vacant, the property represents an opportunity for either an owner-occupier to take on the property, or an investor looking to tenant the empty area.
The lower level had its own modern kitchen and staff lunchroom facilities, as well as employee bathroom amenities.
Access to both the ground floor and upper levels is through a large atrium entrance, with both an elevator and stairwell linking to the second storey.
The building is five minutes’ drive from Christchurch International Airport, and 20 minutes from the city’s central business district.
White says the vacant ground floor layout means the site is suitable as either a showroom, or as office space.