Auction (unless sold prior) 12pm, Fri 28 Nov 2025
Level 1, 247 Stafford Street, Timaru
This high-quality, fully tenanted commercial investment offers an outstanding opportunity for savvy buyers seeking secure income with long-term potential.
Returning a net income of $141,392 + GST per annum, the property is underpinned by a proven, long-standing national tenant-Ideal Electrical Supplies Limited-who have recently committed to a new 5-year lease commencing 1 September 2025, with further renewal options available. This ensures reliable, ongoing occupancy and operational stability.
Situated in an area with strong accessibility and high exposure, the property offers immediate cash flow along with potential for future growth. The well-maintained building and strategic positioning make it a future-proof investment in a proven commercial precinct.
To complement this offering, Bayleys Nelson are presenting 72 Pascoe Street, Annesbrook, Nelson, the site of Ideal Electrical Nelson, For Sale by Tender. More information can be found at - https://www.bayleys.co.nz/4006065
Key investment highlights:
•Secure net income: $141,392 + GST per annum
•New 5-year lease: Commencing 1 September 2025 with renewal options
•Strong tenant covenant: National brand, long-established at this location
•Freehold title: 1,719sqm (more or less) land area including yard
•Well-utilised improvements: Approx. 800sqm (more or less) of combined retail and warehouse space
•Generous car parking: 17 dedicated off-street car parks
•Efficient access: Practical delivery access
•Future development potential: Balanced layout and substantial land size support long-term value growth
Whether you're looking to expand your portfolio or secure a high-performing commercial asset, this opportunity combines strong fundamentals, stable income, and long-term upside.
Don't miss this premium commercial investment.
Contact us today for further information or to arrange a viewing which is by appointment.
Please copy and paste this website address into your internet browser to download the property files: https://www.propertyfiles.co.nz/property/5528523
