Colliers is delighted to present this prime parcel of land in central Timaru, offering an exciting chance to secure a high-profile, Commercial 1C zoned property on State Highway One. This unique property is a rare find for developers and land bankers due to its exceptional attributes and prime location.
Comprising three sections with a total land area of approximately 2997 sqm, zoned Commercial 1C, it is suitable for a variety of businesses. The property boasts 40m of State Highway One frontage, with around 14,013 vehicles passing daily, ensuring any new development will have high visibility and significant exposure. Additionally, there is a second entrance on Bank Street.
Currently, three existing residential dwellings are on the site, providing options for holding income in the short term or could be cleared to create a relatively level site, perfect for new construction.
Investment Highlights:
•Favourable zoning – Commercial 1C
•State Highway One Location
•Prime Central Timaru location
•Vacant possession
•Holding income potential
•Add value opportunity
•Occupy or invest
•Close to other major retailers
In summary, this property is an outstanding investment opportunity for developers looking to capitalize on a high-profile location with significant traffic exposure and versatile development potential.
