Surplus to Requirements - Versatile Inner City
23-27 Barnard Street and Woollcombe Street, Timaru
Deadline Sale - 2.00pm, 18 March 2026
859m2
3025m2
Viewing times
There are currently no scheduled open homes.
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.
Please note: Land and floor area measurements are approximate, and boundary lines indicative only. Reasonable efforts have been made to source information from reputable sources. We do not, however, warrant its accuracy or fitness for any purpose. Purchasers should independently verify information through a due diligence investigation if it is relevant to their decision to purchase.
