A purpose-built cafe and entertainment hub on the Christchurch to Queenstown route offers a rare opportunity in the heart of Geraldine, South Canterbury..
Home to the well-known Mundell’s Multi Hub and Geraldine’s tourism information centre, 38 Waihi Terrace is ready for its next owner in the South Canterbury town and is being marketed by Investment Sales Broker Michael Lough of Colliers Christchurch.
The property is for sale by deadline private treaty closing at 4pm on Wednesday 4 November, unless sold prior.
Occupying a prominent 3,575sq m freehold corner site on the main street, the building combines a large, established cafe, an extensive retail floor, and conference rooms built in 2004 to attract visitors.
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Golf, car, and plane simulators and karaoke add to the mix.
Since buying the property with the cafe already trading, the current operator has built up the entertainment side of the business, turning the venue into a destination in its own right.
“The property is a tourist hub,” Lough says. Buses drop visitors at the door, and the information centre draws travellers seeking knowledge of activities, attractions, accommodation, and transport, while Timaru companies regularly travel out for corporate days built around the simulators.
Multiple accessways, extensive yard space, ample car parking, and on-site bus parking add to the asset’s functionality.
Geraldine is a natural stopover on the inland route to Central Otago, home to around 2,300 people in the foothills of the Southern Alps.
Tourism numbers are climbing. Stats NZ reports 1.05 million overseas visitor arrivals at South Island airports in the June 2026 year, up from 881,300 the year before. The 1 million mark was first passed in the March 2026 year.
Venture Timaru figures show 222,000 tourists visited the district, including Geraldine, in August, spending around $4 million on food and beverages.
Lough knows the local market well. During the past two years he has transacted three motel sales in Geraldine, each drawing national buyers seeking to own an investment or business in the town.
“Our previous Geraldine sales have drawn really strong interest and genuine competition to own,” Lough says.
“It’s been an interesting journey watching the growth and interest in the area. People love Geraldine. I rarely meet anyone leaving. They’re either moving there or staying put.”
The building can continue as one substantial destination business or be configured as a multi-tenanted investment, with the cafe providing an additional income stream.
Zoned Town Centre under the Proposed Timaru District Plan, the site offers scope beyond its current use.
“Importantly, the building and site could potentially lend themselves to a future larger format retail, medical, or service-based use, providing an additional layer of long-term investment appeal,” he says.
With its corner position, generous landholding, and established commercial infrastructure, 38 Waihi Terrace is a significant, freehold going concern with room to grow.
- Supplied by Colliers
