This premium central-city property offers an outstanding ‘as is, where is’ three-storey home, underpinned by a prime landholding within Christchurch’s Four Avenues. 

Situated on a generous 692 sqm High-Density-Residential-zoned site, 227 Peterborough Street benefits from a quiet location with a superb river outlook and excellent surrounding amenity.

The existing three-storey home provides a spacious and well-appointed layout with lift access and internal garaging—making it suitable for either short-term occupation or rental while redevelopment/refurbishment plans are considered.

The opportunity consists of the below; 

• Investment Hold: Rent the existing dwelling for medium-term income while values continue to strengthen.
• Renovate or Re-strengthen: Enhance and modernise the existing home to create a high-end inner-city residence with river views.
• Redevelop: Capitalise on the HRZ zoning and develop a multi-unit project that leverages the site’s aspect and central position.

This is a rare chance to secure a quality parcel of land with genuine flexibility of use and future upside in one of Christchurch’s most desirable city-fringe neighbourhoods.

For sale by Deadline Private Treaty closing 4pm, Thursday 4 December 2025 (unless sold prior).

*Boundary lines are indicative only.

Features:

• Attractive 692 sqm High-Density-Residential zoned site within the Four Avenues
• Quality river outlook and private, quiet street position
• Substantial three-storey home with 4 bedrooms, 3 bathrooms and internal lift. (As is where is)
• Excellent amenity nearby – Victoria Street precinct, Hagley Park and the Avon River all within walking distance
• Scope to rent while planning redevelopment or re-strengthening and renovation
• Outstanding multi-unit development potential (subject to consents)
• One of the few remaining private holdings in this sought-after CBD location

More information: https://www.colliers.co.nz/p-NZL67037286