Timaru
16 The Terrace, Timaru, Timaru
+32
“As Is Where Is” - Six flats plus 20 carparks
Auction (unless sold prior), 12pm Fri 3 Oct 2025
Held at BNZ, Level 1, 247 Stafford Street, Timaru
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.
Hamish Lane
Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Lewis Donaldson
Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Opportunity
Zoned Commercial 1B, the property has a proven rental history and currently generates a reliable income stream
Layout
The property comprises a substantial three storey brick building configured into six self contained flats (three two bedroom, three one bedroom)
Location
Prime location within walking distance of the CBD, port, and waterfront
Potential
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
Have your questions answered
Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.
Request more information
Contact us and have your questions answered.