Christchurch hospitality landlord Antony Gough is selling a beachfront block in New Brighton.
Gough said he had “his hands full” with his central city projects and thought it was “a good time to sell” as redevelopment of the New Brighton waterfront was now under way.
The New Brighton property will be auctioned next month.
The land covers 1286 square metres in three titles and is leased to a bar and some food businesses, with an outdoor area. It backs onto the suburb’s Countdown supermarket.
Together the sites have a rating valuation of $1.55 million.
Both projects are the city council’s part of a wider rejuvenation plan for the suburb, but no significant plans to improve the commercial area have been implemented and there has been little recent private development.