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.