Art collector puts Oriental Bay apartment up for sale for $6.5 million

The entire first floor of 348 Oriental Parade is a 400 square meter luxury apartment owned by Chris and Kathy Parkin.  It's set to hit the market at $6.25 million.

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The entire first floor of 348 Oriental Parade is a 400 square meter luxury apartment owned by Chris and Kathy Parkin. It’s set to hit the market at $6.25 million.

Chris Parkin, the former owner of the QT Museum Hotel in Wellington, has put a potentially record price of $6.5million on the Oriental Bay apartment he owns with his wife, Kathy.

Parkin, a renowned art collector and philanthropist who caused a stir in the capital in 1993 when he moved the Museum Hotel 180 meters further, says the luxury apartment in a handsome 1920s building is now surplus to the needs of the couple.

“We purchased the apartment at the end of 2020 to be both a Wellington home and an art gallery, with private fundraising events in mind,” says Parkin.

“It has a wonderful gallery hallway like a cricket pitch cloister – the lift goes directly to it. There is plenty of wall space for art and a beautiful stone floor.”

Wellington art collector and philanthropist Chris Parkin has bought back a flat he previously owned.

Monique Ford / Stuff

Wellington art collector and philanthropist Chris Parkin has bought back a flat he previously owned.

But after fitting out the apartment to meet all their needs, the couple sells because they are buying an old house.

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“An apartment I had owned a few years ago, in the apartments of the Museum [and hotel], became available again,” says Parkin. “We decided that since we were already keeping our art collection at the hotel, it might make more sense to be back in the Museum apartments.

The living areas and the master bedroom open onto the patio and spectacular views.

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The living areas and the master bedroom open onto the patio and spectacular views.

Everything in the apartment is oversized, including the doors.

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Everything in the apartment is oversized, including the doors.

“So all of a sudden we have Wellington’s best apartment for sale. It is absolutely unique in every way. We set the price at $6.25 million as the market has grown and we are experiencing several sales of smaller properties at prices not too far off that.

“But I’m a little blood-witted about it. I’m not a greedy seller, and I’m quite happy to hang on to it. I’m in no rush to sell. »

The property has the potential to be the second highest selling apartment. A Clyde Quay apartment is thought to have sold for $9,022,750 in 2011 – it has a current RV of $8.925 million. More recently, a Wellington home in Thorndon that sold in February for $6 million broke the record for the city’s next most expensive residential property sale. It was advertised at $7.95 million.

The extra large hall, with its wide openings, resembles a cloister.

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The extra large hall, with its wide openings, resembles a cloister.

Polished wooden floors are a key feature of the living areas.

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Polished wooden floors are a key feature of the living areas.

The apartment occupies an entire floor in the old building, opening onto a long patio. “The floor space is about 450 square meters, including the patio, and about 400 square meters inside,” says Parkin.

“I believe this was one of the first apartment buildings in Oriental Bay. I’m sure it has had quite a checkered history. I know it was a private hotel at one time.

“The building was internally refurbished in 2000. Large parts were rebuilt and brought up to building code. And in 2017, the owners undertook a seismic upgrade.

The Parkins use the apartment as a city residence.  They also have a property in Martinborough.

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The Parkins use the apartment as a city residence. They also have a property in Martinborough.

The living areas are connected by double doors.

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The living areas are connected by double doors.

“These are perhaps the only apartments in Wellington that I would call Parisian. The ceiling height is 3.2 meters and there is a lot of plaster work and double height doors between the rooms.

“Three big [reception] the bedrooms are all connected, with patio doors opening onto the patio.”

The Parkins also own property in Martinborough, where they spend much of their time.

The Oriental Bay apartment, at 348 Oriental Parade, will be marketed from Labor weekend by Ann Curtis of Bayleys Wellington.

Designer light fixtures are a feature of the bedrooms and dining room.

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Designer light fixtures are a feature of the bedrooms and dining room.

The building is believed to have once housed four smaller apartments, and this is before the modern addition at the top.

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The building is believed to have once housed four smaller apartments, and this is before the modern addition at the top.

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Culum Manson of Mansons TCLM recently sold this 880 square meter mansion, which was once a diplomatic residence. It was previously owned by Grant Dalton, the managing director of Emirates Team New Zealand. (Video first screened April 2021)

Norma D. Ross