Tenanted Investment - 6.75% Return

5, Bristol Street, Blenheim, Marlborough

$2,000,000

Proposed Usage
Industrial
Floor Area
1313.00 m²
Land Area
4703.00 m²
Description:
Property ID
1c3f42x



Constructed in 2006 this modern and well presented industrial property offers astute investors an opportunity to secure excellent cash-flow from a well located and conventional asset.

Leased to a well-known national brand, Peter Baker Transport, the site accommodates their transport/ logistic needs. A new 5 year lease was entered into on 1 May 2018 and is returning a net annual rental of $135,000 + GST + OPEX.

The building features approx. 1200m² of high stud warehousing with multiple container height roller doors and high bay lighting. The 113m² office and reception areas includes two office suites and staffroom. The dual entries to the site provide easy access for large trucks and large land area provides plenty of yard space for truck parking and container laydown. The property offers strong profile and signage opportunities with a wide boundary fronting State Highway 1.

Riverlands Industrial Estate is located just 5km (approx.) from central Blenheim on State Highway 1, providing direct links South to Christchurch and North to Picton. The area has been zoned as industrial land to allow industrial growth and expansion. Riverlands is a popular area for transport, logistics, manufacturing and agriculture service industries.

Leased industrial investments in this area rarely come available to the market so we encourage you to act quickly to avoid being disappointed.

Asking Price $2,000,000 + GST (if any)

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Blenheim Area