Secure a strategic foothold in the heart of the CBD within the rapidly evolving SALT District, one of the city’s most exciting regeneration precincts.
Benefiting from significant ongoing investment and close proximity to key commercial, retail, and civic anchors, this prime development opportunity is perfectly placed to capitalise on future growth.
The site’s flexible CCMU zoning unlocks a broad spectrum of development potential, from commercial and residential projects to dynamic mixed-use schemes, allowing developers to respond to market demand with confidence.
A regular-shaped landholding provides the foundation for efficient planning and design, maximising site yield while supporting cost-effective construction outcomes.
Combined with an established surrounding amenity offering, including hospitality venues, retail destinations, and office occupiers such as the current Vendor, with Environment Canterbury’s head office situated adjacent to the offering, the location delivers a highly attractive proposition for future tenants, residents, and developers alike.
Adding further confidence, the property sits within a proven development precinct where successful nearby projects have demonstrated strong market acceptance and helped de-risk future development.
Excellent connectivity to major arterial routes and seamless access to the wider CBD further enhance the site’s appeal, ensuring convenience and accessibility for a diverse range of end users.
A rare opportunity to deliver a landmark project in a thriving urban precinct with the fundamentals already in place.
For sale by Deadline Private Treaty closing 4pm, Thursday 2 July 2026 (unless sold prior).
*Boundary lines are indicative only.
Features:
- Land area of 1,171 sq m (subject to final survey following completion of a boundary adjustment)
- Favorable CCMU Zoning
- 58m frontage anticipated to St Asaph Street
- Northern aspect to carpark situated between Canterbury Regional Council Offices and the subject site with current carparking on Lot 2.
- Situated in a highly sought vibrant Central City location
- 700m walk to Te Kaha One Stadium
- 450m walk to The Crossing and Cashel Mall Retail Mall
- Prime development opportunity
More information: https://www.colliers.co.nz/p-NZL67040636
