23 Bartlett Street, Riccarton, Christchurch City, Canterbury

This offering presents a rare opportunity to acquire a substantial 8,221 sqm landholding in one of Christchurch’s most tightly held and highly desirable locations. Comprising multiple individual titles with dual frontage to Bartlett Street and Brockworth Place, the property combines immediate holding income with significant long-term redevelopment potential.

The site comprises a mix of townhouse units, serviced apartments and a 45 room accommodation facility, providing purchasers with multiple pathways to unlock value. The existing improvements offer adaptability for a range of occupiers and investors, while the underlying landholding and favourable zoning create an exceptional platform for future development.

The property’s multiple titles provide a unique level of flexibility, enabling an incoming purchaser the opportunity to sell down individual components, retain selected assets, or stage redevelopment over time. Existing accommodation also offers the potential to generate interim cashflow while planning and consenting future projects.

The townhouse units offer partially refurbished two & three bedroom accommodation that have potential to be occupied now.

The accommodation facility presents compelling alternative use opportunities, including student accommodation, residential conversion, healthcare, or other community-focused uses, subject to the necessary approvals.

With strong end buyer demand for well-located investment properties, combined with the scarcity of large-scale landholdings in established residential precincts, this former retirement village is expected to appeal to developers, investors, land bankers, and owner-occupiers seeking to maximise value through a variety of strategic outcomes.

For sale on an ‘as is where is’ basis by  Deadline Private Treaty:  4pm, Thursday 3 September 2026 (unless sold prior).

*Boundary lines are indicative only.

Features:

• Prime, highly sought-after location
• Significant scale with approximately 8,221 sq m of freehold land
• Dual street frontage, enhancing access and development flexibility
• Multiple individual titles providing exit and staging options
• Existing improvements capable of generating holding income whilst repositioning or full redevelopment
• Strong underlying land value supported by favourable zoning
• Multiple value-add opportunities through redevelopment, repositioning, or selective sell-down
• Zoned Christchurch Boys High School and Christchurch Girls High School

More information: https://www.colliers.co.nz/p-NZL67041316