Sitting in a prime position at the northern entrance to Timaru's CBD and overlooking Caroline Bay.
The Manawa Ora building was erected in 1925 and was designed by architect Herbert Hall (who also was responsible for Timaru's Hydro Grand Hotel and the Chateau Tongariro at Tongariro National Park).
It is a two-storied brick and masonry building, with an NBS rating of 80 percent, it sits on a commanding 649m2 triangular site.
There are six tenancies, over a variety of terms including a real estate company, coffee shop, bookshop, artists co-operative and hairdresser, giving security to new owner. Upstairs is rural marketing company. There is also some tenant carparking.
It is returning a gross income of $144,489 pa.
RV $1.72m
Deadline Closes Wednesday 13 May @ 12pm (Unless Sold Prior)
Please be aware the floor and land area information has been sourced from Property Smarts/Property Guru and we have not been able to verify the accuracy of the same.
