Trust buys his­toric build­ing

The Napier Mail - - OUT & ABOUT - JULIE ILES

The his­toric Napier Quest Ho­tel build­ing has been sold to a lo­cal fam­ily trust.

The ho­tel on Dick­ens Street which in­cludes 47 ser­viced apart­ments on sep­a­rate unit ti­tles had a com­bined rate­able value of $5.7 mil­lion in 2014.

Col­liers In­ter­na­tional bro­ker Ian McLach­lan said the trust bought the prop­erty from an Aus­tralian in­vestor for a con­fi­den­tial seven fig­ure sum.

The Span­ish Mis­sion style build­ing, close to the main re­tail precinct and Ma­rine Pa­rade, was de­signed by ar­chi­tect David Frame dur­ing Napier’s art deco era .

It was built in 1919 for the An­cient Or­der of the For­resters, a Friendly so­ci­ety that pro­vided fi­nan­cial as­sis­tance to fam­i­lies if a male bread­win­ner be­came sick, had an ac­ci­dent, or died. Their motto was ‘‘We help wi­d­ows and or­phans’’.

Photos taken the day af­ter the 1931 earth­quake show the fa­cade was un­dam­aged in the shake.

McLach­lan said the prop­erty at­tracted mul­ti­ple of­fers.

The build­ing was ex­ten­sively ren­o­vated in 2008 and opened as ser­viced apart­ments un­der the Quest brand in 2009.

The build­ing won two awards in 2009 for its ren­o­va­tion and ar­chi­tec­ture in the New Zealand In­ter­na­tional Ar­chi­tects Awards and the An­nual Art Deco Awards.

Quest has a 10-year lease at a rental of $556,362 a year.

The Quest ser­viced apart­ments have been sold to a lo­cal fam­ily trust.

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