Occupying a substantial 3,025 sq m freehold landholding across eight titles, this landmark inner-city property presents an exceptional ‘as is where is’ opportunity for investors, developers, and owner occupiers alike.
Positioned on a highly visible corner with three separate access points, the site enjoys outstanding accessibility and exposure within Timaru’s established commercial precinct.
Zoned Commercial 1B, it offers flexibility for a wide range of commercial, mixed-use, or future redevelopment projects, including the potential for higher-density residential development, subject to the necessary approvals.
The property benefits from a diverse collection of existing improvements, including showrooms, office, a large workshop, storage buildings, and yard areas, providing immediate functionality while preserving longterm development potential.
Generating holding income of $13,000 per month plus GST and outgoings through to 1 September 2026, allowing buyers the advantage of income while planning future use. Located alongside the extensively upgraded Theatre Royal precinct and surrounded by retail, hospitality, professional services, and public amenities, the property sits within one of Timaru’s most significant regeneration areas.
Offered for genuine sale, this is a rare chance to secure a high-profile CBD asset with immediate income and significant scope for future value creation.
For sale by Auction 10am, Thursday 17 September 2026 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.
*Boundary lines are indicative only.
Features:
* 8 freehold titles - 3025sqm
* Building area - 1920sqm
* Holding income $13,000 per month + GST
* Develop or re purpose
* Central city location
* Three access points
* Vendor instructs sale - ‘As is, where is’ 3,025 sq m inner-city holding
