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57 Sophia Street, Timaru Central

CENTRAL CITY - RETAIL

Land Area: 404 m2 (more or less)

Building Area Shop floor 309 m2, Cafe/Office 70 m2, Mezzanine 15 m2.

Rates: Not yet assessed for 2018/2019 year.

Right to park, access & load. Rental payable to Timaru District Council $2,075.00 pa (inclusive of GST).

Lease Details:

Tenant: Topbike NZ Limited

Net Rental: $68,395 pa plus GST plus outgoings.

Current Term Expiry: 1 October 2021

Rights of Renewal: One further term of 4 years

Final Expiry: 30 September 2025 (subject to renewal)

Rent Reviews: Two yearly.

Offers over $1,050,000 plus GST (if any).

Offers over $1,050,000 plus GST (if any)

ID# 41959110424

Land Area 404 sqm


Property Type Retail to Buy
Council Zoning Commercial 1B
Council Rate $3,237
Building Area 394 sqm (approx)

Peter Wilson AREINZ

Peter Wilson AREINZ
027 476 5329

This information has been supplied by the vendor or the vendor’s agents. We are merely passing over the information as supplied by the vendor or vendor’s agents. We cannot guarantee its accuracy and reliability as we have not checked, audited or reviewed the information and all intending purchasers are advised to conduct their own due diligence investigation into the same. To the maximum extent permitted by the law we do not accept any responsibility to any person for the accuracy of the information herein.