An exceptional opportunity to secure a well-positioned industrial investment in Timaru's highly regarded Washdyke industrial precinct.
The property comprises a functional combination of office, showroom, and high-stud warehouse accommodation, strategically positioned on a prominent corner site offering excellent accessibility, profile, and exposure.
Underpinning the strength of this investment is a long-established tenant that has occupied the property since 2013 and recently renewed its lease through to 1 March 2030. The lease includes two further rights of renewal, providing potential tenure through to February 2038, together with market and CPI-linked rent reviews that deliver secure income and built-in rental growth.
Tenancy Details
The property is leased to Pelle Care Products Limited, a respected local business with more than four decades of experience developing premium protection and restoration products for furniture, automotive, footwear, and lifestyle goods.
Located just off State Highway 1, within one of Timaru's most established industrial precincts, the property benefits from excellent transport connectivity, a strong industrial catchment, and enduring occupier demand.
Representing an attractive entry point into the industrial investment market, this established asset combines a proven tenant covenant, dependable cash flow, and a strategic location within one of South Canterbury's premier industrial hubs.
With strong tenant commitment, favourable lease terms, and long-term income security, this is an investment opportunity well suited to investors seeking stability, resilience, and future growth potential.
Property Details
• Freehold title comprising 1,083sqm (more or less)
• Functional mix of office, showroom and high-stud warehouse accommodation
• Prominent corner site with excellent access and exposure
• Approximately 95% NBS
• Potential to configure the property for split-tenancy use
• Long-term tenant in occupation since 2013
• Lease secured through to 1 March 2030, with rights of renewal through to February 2038
Further Information
For more information on this outstanding investment opportunity, contact the sole agents.
Property Files: https://www.propertyfiles.co.nz/970490003
