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New home on The Terrace will have price tag of more than $2m

Two units to be built on the site have already sold, although he would not disclose at what price. There had also been quite a bit of interest in the unit that has not sold, Coll said. He said the unit’s price would be more than $2m. He said the company was not in a hurry to sell at this stage since it wanted the unit to be complementary to the other two. “When we bought it, Draftline [Coll’s company] did a proposal for the units, and we ve been refining the designs for the clients. He had not expected the level of interest in the development to have been so strong, much of which had come from Timaru people.

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