Available PropertyFiles:

  • 699 Colombo St - Consent - Plans - APPROVED.pdf
  • Christchurch City Hotel, 699 Colombo Street_Information Memorandum_October 2024.pdf
  • Financials.zip
  • Souveniers on the Square ATL.pdf
  • Titles.zip

Property Description

CHRISTCHURCH CBD HOTEL - VACANT POSSESSION

• Selling the freehold going concern - vacant possession
• Architecturally award-winning CBD hotel
• 48 keys, all of generous size
• Award-winning rooftop licensed restaurant and bar

Christchurch City Hotel is in the heart of the CBD; approximately 200metres from the iconic Christchurch Cathedral. Spanning five floors including a rooftop restaurant and bar, providing panoramic views of the Port Hills and the Southern Alps.

The hotel is presented as near new with very spacious sized rooms and excellent bathroom facilities. Contemporary furnishings, modern colour schemes, individual air-conditioning, seamless Wi-Fi and smart TVs make this one of the better boutique hotels in Christchurch and has been rated 4.5 stars by Tripadvisor.

'The One' rooftop bar encompasses the fifth floor of the hotel and provides inhouse guests a full food and beverage offering. Bookings are also open to functions and public on a nightly basis.

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Terms of Supply

By accepting “the information” contained in this PropertyFile, I acknowledge I have read, understood and accepted the terms on which the information has been made available. This information has been prepared by Whalan and Partners Limited, trading as Bayleys (“Bayleys”) as agent for “the Vendor”. The information contains information that is publicly available, and/or sourced from third parties (and/or the vendor) and capable of independent verification. It has been prepared solely to assist interested parties in deciding whether to further their interest in the Property and Whalan and Partners Limited is acting as a conduit and merely passing this information over. Prospective purchasers must not confine themselves to the contents of the Information but should, in conjunction with their professional advisors, make their own evaluation of the Property and conduct their own investigation, analysis, and verification of the data contained in the Information and otherwise concerning the Property. Such evaluation should extend to and include whether there has been a change in the affairs or prospects of the Property since the date of the Information or since the date as at which any information contained in the Information is expressed to be applicable. Should the purchaser decide not to obtain their own specialist advice, they are deemed to have satisfied themselves on all aspects of the property and are buying solely in reliance on their own judgment and contrary to the recommendation of the agent. Bayleys and the Vendor have not verified any of the detail contained in the Information and Bayleys and the Vendor make no representation or warranty as to the accuracy or completeness of the information and neither Bayleys nor the Vendor accept and/or shall have any liability whatsoever for the accuracy of any part of the information including any liability for any statements, opinions, information or matters (expressed or implied) arising out of, contained in or derived from the Information, or any omissions from, or failure to correct any information, or any other written or oral communications transmitted to any recipient of the Information in relation to the Property. By registering you give consent to receive newsletters from the listing agent and/or PropertyFiles which you may unsubscribe from at any time. Whalan and Partners Ltd, Bayleys. Licensed under the REA Act 2008.

Contact Jesse Paenga

Whalan and Partners Ltd, Bayleys,

Licensed under the REA Act 2008

027 764 4748   027 764 4748   jesse.paenga@bayleys.co.nz   All Listings

Starting in commercial real estate in 2014, Jesse was driven by a deep-seated passion for property investment and since then, has forged an impressive track record marked by notable achievements such as orchestrating Christchurch’s largest-ever transaction valued at $77 million and securing leases for major central city establishments including Hoyts and H&M all whilst exceeding sales of $300 million.

Armed with a Bachelor of Commerce degree with first-class honours from Otago and Canterbury Universities, Jesse has honed his skills across diverse sectors within the industry. From office and retail leasing to project leasing for prominent CBD retail developments, and from investment sales to capital markets, Jesse's multifaceted background ables him to provide nuanced insights. His keen ability to accurately gauge market rents and assess a property's future lease-ability and value proves invaluable to both vendors and purchasers.

Drawing from his personal experiences as an investor and hands-on involvement in property development, Jesse possesses a unique knack for analysing opportunities from an investor's perspective. His proficiency in uncovering hidden gems within deals, coupled with his adeptness at aligning opportunities with clients' needs and future potential, sets him apart.

Committed to keeping his clients ahead of the curve, Jesse stays ahead of market dynamics and fundamentals, including debt funders' appetites, interest rates, vacancy rates and rental trends. By leveraging these insights and knowledge, he equips his clients with foresight into market movements, ensuring they identify and gain early access to deals.

From his experience in the post-earthquake environment in Christchurch, Jesse considers the most exciting part of property to be the positive impact a new development or refurbishment can have on the cityscape. In his role as Bayleys Director of Capital Markets & Corporate Leasing, Jesse remains dedicated to serving the Christchurch market and the Otago/Southland commercial sector, offering first-hand expertise tailored to his clients' unique needs.

Outside of work Jesse’s young son keeps him busy. He also likes to go to the gym and spend time in the outdoors including hunting.

Contact Wayne Keene

Bayleys Real Estate

Bayleys Real Estate Licensed under the REA Act 2008

+64 21 666 991   +64 9 309 6020   wayne.keene@bayleys.co.nz   All Listings

Wayne has 30 years’ experience in Real Estate and almost this entire time has dedicated it to the hotel and tourism industry.

Wayne started his Real Estate career at Bayleys in 1991 selling and leasing industrial property but quickly turned his focus to the hotel sector.

In 2002 Wayne co-founded Resort Brokers, a specialist brokerage company with a total focus in the sale of Hotels Tourism & Leisure. Resort Brokers became the authority in the industry and remained market leaders in New Zealand for the next 18 years.

Wayne and the Resort Brokers team now enjoy an even larger presence in the hotel tourism & leisure industry with market leaders Bayleys having acquired Resort Brokers in 2020 making Bayleys the largest full service real estate company in New Zealand.

Wayne has a substantial database of hotel owners and investors and leverages off the Bayleys Knight Frank relationship with their international hotel team. This delivers so much more opportunity but most importantly gives clients another choice in the sale of their hotel assets and provides a global representation.

Wayne is actively involved in selling nationally and has a comprehensive understanding of current market trends and nuances in the tourism industry. He can best advise you on strategy around the sale or acquisition of assets in the current market in order to achieve the best possible result for your needs.