22 Treneglos Street, Washdyke, Timaru, Canterbury

22 Treneglos Street offers an exceptional opportunity to acquire a significant land parcel with 7% returns within the thriving industrial precinct of Washdyke, Timaru.

This regularly shaped property comes to the market with a new three-year lease to WasteCo, a national waste management company. WasteCo occupies the front portion of the site, leaving a secure rear yard of approximately 4,538sqm immediately available for a new tenant or future development.

The rear yard provides excellent flexibility and immediate availability, supported by a guaranteed income stream from WasteCo, offering comfort and time to plan your development or secure a new tenant.

The well-presented warehouse and office facility provides a fit for purpose home for the tenant. The warehouse features six roller doors and an all-weather canopy, while the modern office amenities include a lunchroom, locker room, and shower facilities.

Key Features:

• Asking price of $2,290,000 + GST (if any)
• Annual rental: $160,350 net + GST (includes rental guarantee)
• New 3-year lease to a national tenant
• Total land area: 1.0085Ha*
• Rear yard area: 4,538sqm*
• Floor area: 810.6sqm*
• North facing site
• Low site coverage
• Development opportunities

For further information or to request a viewing, contact Sole agents Nathan O'Neill (021 288 2707) or Jeremy Brown (027 506 0430).

*Approx.