1493344810721 - Nelson’s Achilles building and old telephone exchange is on the market

Nelson’s Achilles building and old telephone exchange is on the market

The Achilles building that was once the heart of Nelson’s telephone services is for sale. 

The two-storey building was built by the Ministry of Works in 1947 for the Nelson Telephone Exchange following a post-war surge in demand for telephone service.

From 1950 to 1970 the number of telephone subscribers in New Zealand more than tripled from 272,000 to 835,000. 

In 1978, the building in the city centre became offices for New Zealand Post, and later Telecom and Spark. 

READ MORE: Rental price rise hits the Nelson region 

The now vacant building also has rooftop access and street frontage on Achilles Avenue.

The property does not come with its own carparks.

The building meets 92 per cent of new building standards. 

JLL salesman John McKenzie said the concrete building shares a title with a neighbouring building on Halifax St, but an application to subdivide the buildings has been made.

The building would not have its own rateable value until the subdivision finalised on June 30, McKenzie said.

“The subdivision will mean that each building will stand on its own freehold title,” he said.

Neighbouring properties are Nelson City Council, Nelson Building Society and a Kathmandu store. 

Expressions of interest close on May 24. 

JLL salesman Nick Hargreaves said the property was zoned as “inner-city-centre” and could be redeveloped. 

“The Achilles building offers great scope for prospective tenants or investors looking to leverage Nelson’s growing economy and booming tourism industry,” Hargreaves said.

“Nelson is growing fast and commercial real estate opportunities in the city centre do not come up often.”

A report by economic consultancy Infometrics in 2016 found the Nelson-Tasman economy grew by 4.4 per cent in the first six months of last year, compared to 2.6 per cent growth nationally. 

Tourism accounted for 10 per cent of employment across the region and there was an 8 per cent increase of hotel guests in the region, according to the report.