249 King Street, Temuka, Timaru

10% high yielding investment opportunity

Bayleys South Canterbury are pleased to bring to the market a high yielding investment opportunity, with a long-standing local business “Teapot Inn” as the tenant.
This suits both entry level investors and those wanting to add to their provincial portfolio, in an area which has a strong local economy.
Returning a net income of $35,000 p.a plus gst and outgoings, this option provides investors with a secure and sound choice, with a high yield of 10% and a new building standard rating of 75%.
It features a retail space of 218sqm and is positioned along State Highway 1, In Temuka, where there is ease of access and plenty of parking for both local's and travelling through customers.
It is in close proximity to central Temuka, where you can find all accessible amenities.
This is an opportunity not to be missed. Call today for more information.