84 Evans Street presents an exceptional opportunity to secure a high-performing commercial investment in the heart of Timaru, with the rare advantage of State Highway 1 frontage. Strategically located on one of the South Island’s busiest routes, this fully tenanted freehold property benefits from constant exposure, easy access, and a strong surrounding business environment. The site enjoys a prominent position within a high-traffic commercial zone, ensuring consistent demand and long-term relevance.

The property is currently leased to three established tenants, generating a combined net annual income of $122,899 + GST and outgoings. The anchor tenant, NPD Group Holdings Ltd, has occupied the site since 2012, when it made significant infrastructure investment, including new fuel tanks. Alongside NPD is the Golden Palace Restaurant, family-owned and operated for over 30 years, and a One NZ telecommunications tower, operated under a long-term lease by Aotearoa Towers Group. With staggered lease terms, built-in rent reviews, and rights of renewal, this is a well-balanced investment offering both income certainty and rental growth potential.

Timaru continues to grow as a key regional centre, with a strong local economy, thriving port, and strategic position between Christchurch and Dunedin. The city offers lower overheads than major centres, a supportive business environment, and an appealing coastal lifestyle—all of which contribute to strong tenant retention and commercial confidence.

Whether you’re an experienced investor or entering the commercial market, 84 Evans Street is a future-proofed asset in a proven location. Contact us today to find out more. Mark Parry 0274 330 350

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