Prime corner investment opportunity


228 Stafford Street, Timaru

Private Treaty

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Prime corner investment opportunity | 228 Stafford Street, Timaru | 5514991 |      X Close
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Prime corner investment opportunity


Located in the heart of the Timaru's CBD on the high-profile corner site of Stafford and Church Streets, this premises is of sound construction and presents well throughout.

Hallenstein Bros Limited is the current tenant and has occupied this site since 1999. Originally built for Westpac Bank in 1977, with the bank owning and occupying the property until 1999 at which time Hallenstein Bros Limited commenced trading from this site. The lease has a final expiry on the 14th March 2028 and a renewal date of 15th March 2023. Current rental is $94,168.80 + GST and outgoings.

This building has had an IEP completed with the resulting NBS rating of 89.6%, giving future owners comfort and certainty of their investment.

As the first port of call for shoppers living in the South Canterbury region, Stafford Street has been at the heart of the regions CBD since the 1860s. The tenants here are in good company as major retailers Farmers, Ballantynes, Rebel Sport, Noel Leeming, Whitcoulls, Glassons and Kathmandu are all close by, together with all the major trading banks.

Mark Parry

Timaru

Licensed under the REA Act 2008

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228 Stafford Street, Timaru

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Mark Parry

Timaru

Licensed under the REA Act 2008

View profile