Washdyke, Timaru

22 Treneglos Street offers an exceptional opportunity to acquire a significant land parcel with 7% returns within the thriving industrial precinct of Washdyke, Timaru.This regularly shaped property comes to the market with a new three-year lease to WasteCo, a national waste management company. WasteCo occupies the front portion of the site, leaving a secure rear yard of approximately 4,538sqm immediately available for a new tenant or future development.The rear yard provides excellent flexibility and immediate availability, supported by a guaranteed income stream from WasteCo, offering comfort and time to plan your development or secure a new tenant.The well-presented warehouse and office facility provides a fit for purpose home for the tenant. The warehouse features six roller doors and an all-weather canopy, while the modern office amenities include a lunchroom, locker room, and shower facilities.Key Features: Asking price of $2,290,000 + GST (if any)Annual rental: $160,350 net + GST (includes rental guarantee)New 3-year lease to a national tenantTotal land area: 1.0085Ha*Rear yard area: 4,538sqm*Floor area: 810.6sqm*North facing siteLow site coverageDevelopment opportunities For further information or to request a viewing, contact Sole agents Nathan O'Neill (021 288 2707) or Jeremy Brown (027 506 0430).*Approx.