Entry level retail investment

5/9 Elizabeth Street, Timaru

Retail Property

Offers Over $800,000 Plus GST (if any)

87m²

1m²

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Property description

Listing # 67040586|Listed on 12 August

Immaculate retail investment opportunity in a strategically positioned, modern retail development on SH1, Timaru.

Positioned within the established and highly regarded The Landings retail precinct in Timaru, Unit 5 presents a compelling opportunity to acquire a modern, passive, commercial investment secured by longstanding national branded tenant Pita Pit.

Having occupied the premises since the development’s inception in 2016, Pita Pit has reaffirmed its commitment to the location through a new 10-year lease commencing March 2026. The property currently returns $52,437 per annum net and offers investors the benefit of secure long term cashflow, built-in rental growth provisions, and a further 10-year right of renewal extending the final expiry through to March 2046.

Strategically positioned amongst a strong mix of complementary national brands including Columbus Coffee, Hell Pizza and Burger Fuel, Unit 5 benefits from excellent exposure within the complex together with consistent customer traffic generated by the wider retail offering.

Constructed with low maintenance materials and supported by generous onsite parking, the property is well suited to investors seeking a hands off investment with enduring tenant appeal and long term underlying value.

This offering represents an exceptional opportunity to secure a proven retail investment within one of Timaru’s popular large format retail and hospitality destinations.

Now priced at 6.5% yield with enquiry over $800,000 (plus GST if any)

*Boundary lines are indicative only.

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