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151-155 Hilton Highway, Washdyke

Price by negotiation

Listing Description

Listed: Tue, 16 Dec

Multi-Tenanted Investment - New Lease

151-155 Hilton Highway, Washdyke, Timaru, Canterbury

Details

  •   1840m² Floor
  •   2757m² Land
AttributeValue
Property use
Industrial
Agency reference
67037806

Description

NEW LEASE and LEASE EXTENSION - remains fully tenanted.

Positioned prominently on State Highway 1, this high-profile property offers exceptional exposure and a rare opportunity to secure a modernised, multi-tenanted commercial investment in one of Timaru's key commercial corridors.

The property comprises six well-presented tenancies, supported by a strong and diverse mix of occupants. Each tenancy is of a practical and desirable size, appealing to a broad range of business uses and ensuring consistently strong demand and low vacancy risk. Proven by the recent demand to re-let one of the spaces The property generates a total annual income of $208,400 plus GST, delivering a reliable and attractive return for investors.

Recent upgrades have enhanced the overall presentation and functionality of the buildings, providing tenants with a clean, contemporary environment while minimising near-term maintenance requirements for owners.

151-155 Hilton Highway stands as a proven passive investment, combining excellent visibility, modern improvements, and a stable, diversified income stream from six manageable, well-established tenancies





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Agent's details

Mark Parry

Mark Parry

Enquire about the property

Colliers Christchurch, Agri Realty Ltd, (Licensed: REAA 2008)

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