Retail Investment Picton

52-54, High Street, Picton, Marlborough

By Negotiation

Proposed Usage
Retail
Floor Area
260.00 m²
Land Area
336.00 m²
Description:
Property ID
1c5ryv7

Two shops on High Street, Picton.
Shop one: One of the busiest Takeaway businesses in Picton having been established for over 20 years. Very good lease of five years from September 2018 with two rights of renewal each of five years.
Shop two: Currently vacant with floor area of 126sqm. Ideal for small boutique retailer of similar with the added advantage of the very busy takeaway next door generating a steady stream of customers. Recent seismic assessment showing 70% NBS (report available on request). Total rental when fully leased $43,460.00 + GST + Outgoings.
Picton is experiencing good retail growth with the steady increase of cruise ships visiting and the busy season extending. The future looks bright for this type of commercial investment.
Owner will consider residential property trade.
Contact Geoff 0274 491-575 or email geoff@firstnational.co

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Picton Area