Timaru Central, Canterbury

Seldom offered level site in central city. Land area of 3,025m² with three access points. Zoned Commercial 1B, allowing multiple land uses subject to compliance. Adjacent to Timaru District Council's $47.2 million upgrade of the historic Theatre Royal, including a new heritage building or museum.Current holding income of $13,000 per month plus GST and outgoings. Lease expires 01/09/26 (subject to a three month termination clause). A variety of buildings on site, including showrooms and offices (322m²), a mechanic workshop (537m²), plus multiple additional buildings and storage areas. Vendor finance and deferred settlement options and expression to lease maybe considered.Deadline for offers: 2.00pm, Wednesday 18 March 2026.