Outstanding Freehold Commercial Property
- Prime retail location in the Blenheim CBD
- Dual access to Market Street and Wynen Street Carpark
- Tenanted by National tenants - Postie Plus and Bed Bath & Beyond
- Annual Rental return - $240,653 plus GST + outgoings
- Ground floor area - 1124m² approx
- Total floor area 1483m² includes approx 450m² of first floor and canopy
- Seismic rating of the building at 60% NBS
- Rear shutter door allows truck access for deliveries
Marlborough District Council Property Number: PN328057
Main Property Features
Listing Number: BL9092
Approx Floor Area:
1574.89 sqm
Land Size:
1213 sqm
Property Type:
Retail
Property Features:
Full height roller shutter door allows truck dock access
Reverse cycle heat pumps, Building Name: Postie Plus Building
Parking
- Carparks: 3
Property Details:
Tenanted Investment
Commercial information
- Zone: CBD Blenheim
Tenure:
Fee Simple
Tenancy:
Total rental if more than 1 tenancy $ (+ GST): 240653.00, Additional Details: Verandah 92m²
1st Floor 358.04m² (1st floor is not currently included in the Deed of Lease. Possible for future development).
Retail Ground 1124.85m²
Tenancy 1:
Area Sqm: 656, Commencement Date: 11 November 2018, Expiry Date: 11 November 2021, Rental net/gross p.a.: 146,972 plus GST, Review Dates: Annually, Rights of Renewal: No, Tenant Name: Postie Plus, Term (years): 3
Tenancy 2:
Area Sqm: 344, Commencement Date: 11 November 2017, Expiry Date: 10 November 2026, Rental net/gross p.a.: 93681.00 plus GST, Review Dates: 10/11/2020, Rights of Renewal: 3 years, Tenant Name: Bed Bath & Beyond, Term (years): 6
Harcourts Blenheim
Marlborough Real Estate 2008 Ltd
Licensed REAA 2008
Rangitane House
Blenheim Office website or View office details