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Bayleys Canterbury is pleased to bring to the market an outstanding investment opportunity, with the security of a long lease term with big box retailers.
Key features:
• Returning a net income of $400,000pa + GST and outgoings
• Just under 12 years remaining on the lease
• Current tenant Briscoes, with lease expiring 31 October 2024
• Incoming tenant Smiths City, with lease commencing 1 November 2024 with a ten year lease
• 90% NBS
The property is sold with just under two years remaining with Briscoes, expiring 31 October 2024. The incoming tenant Smiths City has committed to a new ten year lease commencing 1 November 2024. This is a fantastic top drawer investment opportunity. The owners are committed to a sale.
Built in 1985 on 3,315sqm (more or less) of commercial zoned land, originally as a supermarket, it is ideally set up as a retail destination.
Sitting on prime street frontage along State Highway 1, the main arterial through Timaru City, with heavy traffic flow and an ideal location to attract shoppers in a highly visible site. There is ample parking as well as easy flow for delivery and trade vehicles. Nearby amenities and complementary businesses include fast food chains, a large Pak n Save supermarket and other smaller retailers. This site is also well positioned between the Timaru CBD and large retail developments under construction.
This offers a sound investment in the strong South Canterbury economy. Please contact the sole agents for further information or follow this link to view the property files https://www.propertyfiles.co.nz/5519870.
街道地址 | 距离 | 房间数 | 浴室数 | 建筑面积 | 售出时间 | 售出价格 | 数据来源 | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 2 | 1 | 80m2 | 2024年04月08日 | $230,000 | Council approved | |
0.23 km | 5 | 276m2 | 2024年02月20日 | $990,000 | Council approved | |||
0.14 km | 3 | 121m2 | 2024年01月25日 | $510,000 | Council approved | |||
 | 0.37 km | 3 | 1 | -m2 | 2023年12月07日 | $515,000 | Council approved | |
 | 0.31 km | 3 | 1 | 120m2 | 2023年11月08日 | $450,000 | Agent claimed |