The King of Main Street
34-36, Main Street, Blenheim, Marlborough
- Proposed Usage
- Floor Area
- 253.00 m²
- Land Area
- 1770.00 m²
- Property ID
Bayleys Real Estate are delighted to offer four quality commercial investment properties available for purchase collectively or individually. Each of the properties present highly desirable investment opportunities, combining high profile locations, long term leases and quality building standard.
34-36 Main Street, Blenheim - offers 1,770m2 of land housing a Burger King outlet in a 253m2 building. Burger King's lease term runs through to 2023, with two further four-year rights of renewal, generating annual rental of $176,800. The site provides car parking for 23 vehicles. The lease provides for three-yearly rent reviews.
• Leased to Burger King
• $176,800 net annual rental
• 4 years remaining in current lease term
• Sought after industrially zoned freehold title
• Estimated at min 100% NBS
• Built in 1996 and redeveloped in 2011
• 100% outgoings recoverable
For Sale- Price by Negotiation.
For further information please visit- www.gibbons2019.co.nz