Developers gem - prime multi tenanted location
This multi-tenanted commercial investment presents a compelling opportunity for both astute investors and owner-occupiers. With multiple leaseholders already in place, the property offers immediate income with the added advantage of potentially operating your own business on-site, effectively becoming your own landlord.
The property comprises a mix of individual tenancies, all independent of each other. A significant portion, is occupied by a warehousing and wholesale operation, while four separate office or consultation spaces — varying in size upward of approximately 34sqm (more or less), with individual configurations, cater to a range of professional uses.
Adding further value is a flexible space available for casual hire, featuring a large meeting room, fully equipped commercial kitchen with amenities. Two generous and separate on-site car parking areas serve the site with incorporation of a secure sealed yard. The property spans two titles and benefits from dual street access, with road-frontage on both Butler and Bank Street. This ensures excellent vehicle accessibility and drive-through convenience, enhancing connectivity and future flexibility along with appealing to tenants and landlords.
With a well-utilised footprint and multiple income streams, this property offers strong potential for maximising return on investment. Whether you are aiming to boost your wealth or expand your operational footprint, 14-16 Butler Street offers flexibility, a prime location, and strong income potential to align with your investment goals.
Located under 500m to Timaru's CBD and approximately 240m to State Highway 1, this is a golden chance in a prime location for the taking, with scope for growth and wide-ranging possibilities.
An outstanding property and a must-see for those seeking a strategic investment. 14-16 Butler Street, Timaru, is being offered for sale - "As is where is", with viewings only by prior arrangement.
View the property files here: https://www.propertyfiles.co.nz/property/920470003
The property comprises a mix of individual tenancies, all independent of each other. A significant portion, is occupied by a warehousing and wholesale operation, while four separate office or consultation spaces — varying in size upward of approximately 34sqm (more or less), with individual configurations, cater to a range of professional uses.
Adding further value is a flexible space available for casual hire, featuring a large meeting room, fully equipped commercial kitchen with amenities. Two generous and separate on-site car parking areas serve the site with incorporation of a secure sealed yard. The property spans two titles and benefits from dual street access, with road-frontage on both Butler and Bank Street. This ensures excellent vehicle accessibility and drive-through convenience, enhancing connectivity and future flexibility along with appealing to tenants and landlords.
With a well-utilised footprint and multiple income streams, this property offers strong potential for maximising return on investment. Whether you are aiming to boost your wealth or expand your operational footprint, 14-16 Butler Street offers flexibility, a prime location, and strong income potential to align with your investment goals.
Located under 500m to Timaru's CBD and approximately 240m to State Highway 1, this is a golden chance in a prime location for the taking, with scope for growth and wide-ranging possibilities.
An outstanding property and a must-see for those seeking a strategic investment. 14-16 Butler Street, Timaru, is being offered for sale - "As is where is", with viewings only by prior arrangement.
View the property files here: https://www.propertyfiles.co.nz/property/920470003
Key features
Land area breakdown
2,612sqm (more or less)
Occupancy
Tenanted investment
Passing income
$71,149.22 per annum plus GST and OPEX
