Geraldine, Timaru

Situated in a South Canterbury township south of Christchurch, this Retirement Village comprises a purpose-built small scale aged care facility built in 1997. Certified for 20 Rest Home Beds, with the village comprising 10 Rest Home Bedrooms plus 10 Apartments for occupation under Occupation Right Agreement (ORA’s). Additionally, there are two adjoining properties held for future expansion of the village. A Resource Consent for the construction of retirement villas is being obtained and to be sold with the land. The proposed redevelopment and land use plans are to be relatively flexible e.g. subdividing the adjoining properties into 31 Retirement Village Lots.Residents at Geraldine Retirement Village have access to care, services, and activities that promote wellbeing, this is underpinned by the facilities trust and reputation. Each rest home bedroom comprises a single bedroom with handbasin. The apartment units are each one bedroom provided with full ensuite facilities with kitchenette.This Retirement Village has a land area of approx. 1,715 sqm with 2 adjoining properties purchased for potential expansion of the village with a total land area of approx. 12,447sqm and 971sqm, providing a total land area of approx. 15,133sqm. The Retirement Village expansion will require Timaru District Council Resource Consent approval.As at date of valuation 31/3/26, the Gross Land and Improvements value was reported to be $3,850,000 Plus GST (if Any) unless otherwise stated. The Statement of Comprehensive Income (Profit & Loss before Subvention Payments and Tax) was $219,302.The owners have reduced the sale price to sell on compassionate grounds.Asking Price: offers Over $3,000,000 Plus GST (if Any) unless otherwise statedIf you would like to know more, please visit the Barker Business website, search #3656 and submit an online Confidentiality Agreement. When Frank receives your expression of interest he will be in touch.Licensed REAA 2008Copyright Barker Business Brokerage 2026