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Freehold Professional Office Building For Sale

- A solid property investment opportunity with three separate tenant office spaces
- Built by the current owners to lease out two spaces and operate their advisory business from a third space
- The building has a Seismic assessment of low to medium risk
- Eight secure off-street car parking spaces
- Constructed circa 2004
- Ground floor interior renovated 2018
- First floor spaces renovated 2019 to include modern glass partitioning and doorways
- Exterior repainted in January 2020
- Centrally located close to Blenheim CBD, council carparking, Sports Stadium, Aquatic Centre, cafes and retail outlets
- Contact Martin on 021 030 4974 for a full information pack.
Marlborough District Council Property Number: PN330683

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Main Property Features

Listing Number: BL9145

Approx Floor Area:
432.1 sqm
Land Size:
420 sqm
Property Type:
Office
Approx Floor Area
  • Office Square Metres: 432
Parking
  • Uncovered: 8
Property Details:
Tenanted Investment
Tenure:
Fee Simple
OPEX $:
15000
OPEX p/sqm $:
34.71
Tenancy:
Total rental if more than 1 tenancy $ (+ GST): $98,353.35 plus OPEX
Tenancy 1:
Area Sqm: 107.8, Commencement Date: 01 March 2019, Expiry Date: 28 February 2027, Rental net/gross p.a.: $26,950 p.a, Review Dates: 1/3/2021 & 1/3/2024, Rights of Renewal: Two (2) further terms of 3 years each, Tenant Name: Marlborough App Ltd, Term (years): Two (2) years
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Harcourts Blenheim

Marlborough Real Estate 2008 Ltd

Licensed REAA 2008

1 Scott Street
Rangitane House
Blenheim
Office website or View office details

Property Location