74 Stafford Street, Timaru, Timaru

Main street opportunity

For Sale $320,000 plus GST (if any)

Located on the main street of central Timaru, this 856sqm (more or less) parcel of land and building is ready for future redevelopment. With several recent sales and new developments in the pipeline for this end of town, this creates an opportunity to landbank or develop now.

The building has had an initial seismic assessment completed (ISA) which concluded that the structure has sufficient capacity to resist loading of approximately 20% and 33% of New Building Standard (NBS).

The two storey circa 1910s building is constructed with concrete foundations and double brick external walls. Ground floor approximately 310sqm comprises shop, office, tea rooms and toilets. First floor also approximately 310sqm, has access from an external staircase is in original and poor condition. At the rear of the building is an approximately 76sqm single level brick workshop.

The premises has been owner occupied since 1994 and with pending retirement the owners are now looking to sell the property.