16 The Terrace, Timaru, Timaru

“As Is Where Is” - Six flats plus 20 carparks

16 The Terrace, Timaru (Hampton House) represents a rare offering in the centre of town.

The property comprises a substantial three storey brick building configured into six self contained flats (three two bedroom, three one bedroom) together with approximately 20 on site carparks. Zoned Commercial 1B, the property has a proven rental history and currently generates a reliable income stream.

Key features:
• Six purpose built flats providing diversified rental income
• 20 off street carparks - valuable in the CBD and potential for additional revenue
• Elevated position with harbour views from the upper levels
• Land area approximately 1,075sqm (more or less)
• Prime location within walking distance of the CBD, port, and waterfront

The property is offered to the market on an “As Is Where Is” basis, presenting multiple options: continue as a passive income-producing asset, undertake refurbishment to lift returns.

This is a seldom-available opportunity to secure a large freehold site with scale, income, and long-term upside in a strategic location.