Listing Description
Secure Income in Washdyke
7 Washdyke Flat Road, Washdyke, Timaru, Canterbury
Details
| Attribute | Value |
|---|---|
| Property use | Industrial |
| Agency reference | 67040925 |
Description
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.
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Property Files
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