Two big parcels of bare land are on the market in the inner city of Christchurch for the first time in more than 30 years.
Located on 54 and 72 Salisbury St, the total 4570sq m block is in the heart of the Victoria Street Precinct and has the added attraction of being zoned for Central City Business and Residential.
"The combined sites are among the biggest to come to the market in the Christchurch inner city post the earthquakes," says Courtney Doig of Colliers International who is marketing the land for sale by auction on Thursday August 31.
"They are part of the property interests of a deceased estate that included a rebuilt complex of residential units further along Salisbury St. These fetched $3,805,000 at auction earlier this year.
"Since the earthquakes, there has been a lot of activity in vacant land sales within the four major city avenues as investors have sought to consolidate their holdings. Our records show that, since the start of 2015, there have been 61 commercial vacant land sales, collectively valued at $115,238,000."
