Timaru Central, Timaru

CBRE, as the sole agent, is pleased to present an exceptional opportunity to secure a high-profile investment property in Timaru. The offering comprises multiple titles across approximately 6,420sqm of prime commercial land. With three street frontages and direct access to State Highway 1, opportunities of this scale, profile and accessibility are rarely available.Strategically positioned within Timaru's established commercial precinct with views towards Caroline Bay, the surrounding area features a strong mix of commercial premises including retail, office, showroom, and tourist accommodation, along with cafés, wine bars, and hotels. The asset is underpinned by a diverse tenant mix, helping to spread risk, and has consistently experienced strong leasing demand. Supported by the substantial landholding, the property offers numerous opportunities for future development and site enhancements.Timaru and the wider region benefit from a strong rural economy which, alongside the Port, continues to drive solid performance and growth across the area. This has resulted in sustained demand for high-quality, well-located investment properties and new developments.Investment Highlights: 6,420sqm (approx.) of prime commercial land Multiple titlesThree street frontages Exceptional profile to State Highway 1Net rental $650,935pa + GSTDiversified income stream Established and diverse tenant mixStrong underlying land valueFuture development potential For further information contact the sole agents Tim Rookes or Paul Brown.