- For Sale
For SaleAuction 9th Dec 2021 10:00:00 (Unless sold prior)
Colliers is pleased to present 53A Sheffield Street, Washdyke, Timaru, to the market for sale.
This well-established truck stop site, leased to Z Energy in Timaru, now provides the opportunity for astute investors to acquire a tidy investment opportunity with many key investment fundamentals.
The property’s key highlights include a lease back to the tenant, NZX listed Z Energy Ltd, on a 12 year term with further rights of renewal of four options of five years each; the commencement date is set for December 2021.
The leases are also set to provide for annual fixed growth of CPI per annum with market reviews at the expiry of the initial lease term.
Other drawcards include industrial zoned freehold land holding of circa 4,542m² located on Sheffield Street, a key industrial location in Timaru which has significant truck movements per day.
In the current investment environment opportunities such as these do not often occur that have all the key investment fundamentals combining to provide a great opportunity. All due diligence information is available upon request. Don’t let this opportunity pass you by.
For sale by Auction held 10am, Thursday 9 December 2021 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.
*Boundary lines are indicative only.
Ref #: 20838032