The Press

Stonehurst block goes on market

- Liz McDonald liz.mcdonald@stuff.co.nz

After amassing more than a hectare of land over nearly 30 years, the owners of a central Christchur­ch block are selling up.

Russell and Merilyn Glynn own the Stonehurst complex, which has sat vacant since the earthquake­s, and surroundin­g land.

The property has a rates valuation of $11.75 million. It occupies half a city block between Gloucester and Armagh streets, just east of Latimer Square, and includes a backpacker lodge, motels, nine apartments, and campervan parks.

About two-thirds of the land is vacant after structures including the original Stonehurst hotel were demolished because of earthquake damage. Part of the site is listed on the city council’s ‘‘Dirty 30’’ list of sites considered to be holding back the rebuild.

Now settled in the Coromandel, the Glynns are auctioning their property on August 10.

Russell Glynn said it was right time for them to move on. He bought the Stonehurst hotel in 1983 and added the surroundin­g sites incrementa­lly. ‘‘I’ve done my dash there and it’s time to move it on. I’m not sure what will become of it, but it’s a great site for tourist accommodat­ion, a great location.’’

Glynn said he objected to the ‘‘Dirty 30’’ tag as the buildings were in a good state of repair.

The 1.05ha block will be sold as one block or in four smaller lots.

It borders the Government’s demonstrat­ion village site, where inner-city housing was planned as a rebuild anchor project but has yet not been built.

The Glynns previously owned the historic Occidental Hotel on Hereford St, which was also demolished after the quakes.

The land facing Gloucester St is zoned for guest accommodat­ion, while the Armagh St side has a central city residentia­l zoning.

Will Franks – a broker with real estate firm Colliers, which is handling the sale – said it was ‘‘arguably the most significan­t central city developmen­t site to come to the market in Christchur­ch for some time’’.

 ??  ?? The Stonehurst site is for sale.
The Stonehurst site is for sale.
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