Secure regional investment

14, Redwood Street/ Corner of Kinross Street, Blenheim, Marlborough

By Negotiation

Proposed Usage
Retail
Floor Area
7011.00 m²
Land Area
12260.00 m²
Description:
Property ID
1c4xmws

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.

14 Redwood Street, Blenheim - offers 12,260m2 of land occupied by The Warehouse in a 7,011m2 building with an additional 3,390m2 two-level car park building. The Warehouse is currently on a nine-year lease running through to 2027, with three further four-year rights of renewal, generating annual rental of $1,065,330. The lease provides for three-yearly rent reviews.

• Leased to The Warehouse Limited
• $1,065,330 net annual rental with three-yearly rent reviews
• 8.25 year WALT
• Corner of Kinross and Redwood Streets
• Three street access: Kinross, Redwood and Main streets
• 12,260m2 land holding
• 3,390m2 two storey car park building
• Fee simple titles
• Central Business zoning
• Modern building- extension complete in 2008

For Sale- Price by Negotiation.
For further information please visit- www.gibbons2019.co.nz.

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Blenheim Area