21 King Street, Parkside, Timaru

Secure, leased commercial investment

A compelling opportunity to secure a well-located freehold commercial investment in Timaru's established southern precinct. Positioned on a high-profile road and less than one kilometre from State Highway 1, the property benefits from strong connectivity and consistent exposure.

Set on approximately 271sqm, the site offers valuable versatility, including front-of-site car parking or display yard space. Improvements include a tidy 50sqm (more or less) sales office and storage building, complete with a service pit if required. Zoned Industrial L, the property supports a broad range of light industrial and commercial uses.

The key advantage here is the existing lease in place, complete with rights of renewal, providing immediate holding income and future security making this a smart acquisition for investors seeking a low-entry commercial asset with ongoing upside.

Whether you are looking to landbank with income, add to your portfolio, or secure a well-positioned asset with long-term flexibility, this property delivers. There remains scope to further enhance the improvements over time, adding value and strengthening future returns.

A practical, affordable investment in a proven location with income from day one and future potential to unlock.