This property presents an opportunity to acquire a well-located, income-producing industrial asset in the established Washdyke industrial precinct of Timaru.
The property comprises a functional combination of office, showroom, and warehouse improvements situated on a prominent corner site. The asset is underpinned by an established long-term tenant, with a recent four-year lease renewal and CPI rent reviews.
The investment is positioned within a highly sought-after sub-$1 million price bracket, appealing to a wide range of buyers.
Key Features:
•Established tenant, backed by recent renewal
•Net income of $59,517.60 + GST per annum
•Lease renewal, until 1st March 2030
•CPI – Rent reviews
•Freehold title – 1,083sqm (more or less)
•Office, showroom and high-stud warehouse
•Corner site
•Approx. 95% NBS
•Potential split-tenancy configuration
Located just off State Highway 1, the property benefits from excellent accessibility, strong tenant demand, and exposure within one of Timaru's most sought-after industrial locations.
Contact us today for further information.
