30-36 Turnbull Street
Timaru, Timaru District
Timaru, Timaru District
SOLD
Big is Good
If you dream big, then I have the opportunity of a lifetime for you!
The Evans Atlas Flour Mill block of buildings is one of the most impressively constructed building lots in the Timaru district. The brick buildings have vast open areas, and the bottom stories are surrounded on two sides by bluestone retaining walls; these buildings have endless options for utilization. The brick and various hardwoods used in the construction of these buildings adds a great depth of character that is not replicated in newer industrial buildings. The main Jarrah support beams like nothing you have ever seen. Jarrah is one of the best construction timbers; it has an interlocked grain and a high density, making it impervious to moisture, rot and insect damage. The concrete buildings are a mix of open plan areas and three-story tall concrete grain storage silos that they used to fill trucks up at the bottom; the construction is most impressive. The views from the tops of the buildings are fantastic.
All of the buildings have had extensive earthquake strengthening. All of the buildings comply with 67% of the national building standard apart from one tilt slab wall which has been quoted at $37,000.00 + GST to bring up to 67% of the national building standard.
There are currently 10 tenants in place with the scope to add more and develop unused areas of the buildings. There is also a self-storage facility with 30 units.
Purchase price - $1,600,000.00
Total lease cash flow - $126,850.00
= 7.93% gross return p/a.
This building you have to see in person to understand the sheer size and exceptional value for money. Viewing times take 1.5 hours - 2 hours serious enquiries only, please. Contact Ben now on 0276264332 to discuss viewing times and property information packs.
Please be aware that some information has been sourced from Property Smarts and we have not been able to independently verify the accuracy. Land and floor area measurements are approximate and boundary lines are indicative only.
The Evans Atlas Flour Mill block of buildings is one of the most impressively constructed building lots in the Timaru district. The brick buildings have vast open areas, and the bottom stories are surrounded on two sides by bluestone retaining walls; these buildings have endless options for utilization. The brick and various hardwoods used in the construction of these buildings adds a great depth of character that is not replicated in newer industrial buildings. The main Jarrah support beams like nothing you have ever seen. Jarrah is one of the best construction timbers; it has an interlocked grain and a high density, making it impervious to moisture, rot and insect damage. The concrete buildings are a mix of open plan areas and three-story tall concrete grain storage silos that they used to fill trucks up at the bottom; the construction is most impressive. The views from the tops of the buildings are fantastic.
All of the buildings have had extensive earthquake strengthening. All of the buildings comply with 67% of the national building standard apart from one tilt slab wall which has been quoted at $37,000.00 + GST to bring up to 67% of the national building standard.
There are currently 10 tenants in place with the scope to add more and develop unused areas of the buildings. There is also a self-storage facility with 30 units.
Purchase price - $1,600,000.00
Total lease cash flow - $126,850.00
= 7.93% gross return p/a.
This building you have to see in person to understand the sheer size and exceptional value for money. Viewing times take 1.5 hours - 2 hours serious enquiries only, please. Contact Ben now on 0276264332 to discuss viewing times and property information packs.
Please be aware that some information has been sourced from Property Smarts and we have not been able to independently verify the accuracy. Land and floor area measurements are approximate and boundary lines are indicative only.
