22 Barnard Street, Timaru, Timaru

Prime passive investment - Selling at auction

For astute investors seeking a quality commercial asset or the next strong addition to their portfolio, this property offers solid fundamentals and notable long-term growth potential. With a well-established tenant in place, opportunities of this calibre and long-term lease structure are well worth consideration. This is the kind of investment that consistently draws competition, rarely reaching the auction floor - ensure you're ready to act on auction day to secure a standout asset in a tightly held market.

Positioned in the heart of an established commercial precinct, the property features a well-maintained building designed for practicality and performance, ensuring lasting investment appeal. It generates a secure net income of $141,392 + GST per annum and benefits from a new five-year lease commencing 1 September 2025, complete with renewal options.

The freehold site spans approximately 1,719sqm (more or less), including a versatile yard area and well-utilised improvements totalling approximately 800sqm (more or less) of combined retail and warehouse space. Complemented by 17 dedicated off-street car parks and efficient delivery access, the property also offers future development potential - its balanced layout and generous landholding provide scope for ongoing value growth.

22 Barnard Street represents a quality commercial investment with strong tenant security - act decisively to avoid missing out.

Contact us today for further information or to arrange a viewing which is by appointment.

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