- For Sale
The Colombo is a thriving Canterbury retail and entertainment centre, with a unique offering of niche shops and hospitality.
Occupying the boutique end of the market, The Colombo features an eclectic blend of retailers, including an arts cinema, European-style bars, bustling culinary providers and many fashion, beauty and homewares boutiques.
The highly experienced and innovative owners have transformed the centre into a landmark destination, a drawcard for people from throughout Canterbury and beyond.
The Colombo is anchored by the highly successful Spotlight store, which is shifting to a larger store when its lease expires at the end of 2021. This provides excellent scope for a new buyer to add significant value and develop a third stage to the shopping centre.
With the move still three years away, it gives a new buyer plenty of time to consider options to intensify the 3,031m² prime site in the heart of the centre. The value add potential is immense to add a third stage to The Colombo and take it to a new level.
The space could be used for one anchor tenant or split into multiple tenancies, further enhancing The Colombo’s eclectic offering.
The Colombo comprises five titles, totalling land area of 16,533m² with frontages to bustling Colombo, Stanley, Elgin and Durham Street South. Total gross floor area of the expanded centre is 7,933m².
The Centre is well serviced with 286 onsite car parks, creating easy access for its many customers.
Call the sole listing agents to obtain the IM and documentation or to arrange your inspection, viewing is sure to impress!