This single level, multi tenanted property occupies a prime corner location in the heart of Blenheim, Marlborough. Positioned on a land area of 1859m² (more or less) with 18 off-street car parking spaces. Considerable flexibility on offer with this large commercial opportunity providing attractive options for developers needing time to plan how to extract the potential of this prominent site. Originally built circa 1934 with additions up to 1982. The building comprises 7 unit titles. With a mixture of six tenants (one currently vacant) providing a split risk investment returning $155,698 pa plus GST & OPEX from the fixed current tenants, this property will appeal to those looking for a steady cash flow. Seismic rating - classified as a category C or moderate risk building and meets the current Marlborough District Council requirements, therefore seismic upgrade works are not currently required. * Zoned commercial * All outgoings paid by tenants * Close to Blenheim CBD and supermarket.

For sale by negotiation plus GST (if any).

For a property information package and an appointment to view this property, please contact Martin Summerscales on 021 030 4974.