11 Victoria Street, Timaru, Timaru

Red-hot retail investment

• Two separate tenancies including the iconic Kiwi retailer The Warehouse
• 1.62ha (more or less) of freehold landholding
• Returning $909,544 per annum plus GST and outgoings

A prime opportunity to invest in a market segment with proven performance, supported by a blue-chip tenant and future growth potential in South Canterbury's key regional hub.

Spanning 1.62ha (more or less) of high-profile real estate, 11 Victoria Street comprises a 6,656sqm premises occupied by two established tenants, including iconic Kiwi retailer The Warehouse.

A high-performing large-format retail investment in South Canterbury's regional support centre, anchored by a long lease to one of New Zealand's most recognisable local brands, is a strategic investment in a proven and enduring market segment.

The property generates a net annual income of $909,544 plus outgoings and GST, underpinned by a weighted average lease term (WALT) of 7.6 years.

Accessible via State Highway 1 and surrounded by national retailers, including Woolworths, Farmlands, and Repco, the property is located 400m from the CBD - now a key economic hub for South Canterbury. Fuelled by a strong primary sector, a diverse business landscape, and a growing population, the area offers a solid foundation for growth.

For further information, please contact the sole agents today.