11 Victoria Street, Timaru, Timaru

Deadline Treaty

6,656m²

1.62ha

Scale and Position

JLL as joint sole agents are proud to present this large format retail asset to the market for the first time in nearly 15 years. Anchored by The Warehouse the property boasts an extensive land holding of 1.62ha (more or less) with a building area of 6,656sqm and 222 on site car parks. The property generates a net annual income of $909,544 plus GST and is underpinned by a weight average lease term (WALT) of 7.6 years. Accessible via State Highway 1 and surrounded by national retailers, including Woolworths, Farmlands, and Repco, the property is located 400m from the CBD-now a key economic hub for South Canterbury. Buoyed by strong primary sector activity, a diverse business landscape, and a growing population, the area offers a solid foundation for growth. For Sale by Deadline Private Treaty closing 4pm, 17 th April 2025 (unless sold prior). For further information or to arrange a viewing please contact joint sole agent Ben Cameron today. •Tenanted to The Warehouse and Urban Café •Annual Net Rental $909,544 plus GST •Two separate tenancies over a floor area of 6,656sqm (approx.) on freehold titles totaling 16,209sqm of land •WALT 7.6 years •Mixed Use zoning under the Proposed Timaru District Plan

Additional details

Type

Retail

Property ID

349927

Listed on

10/03/2025