Commercial investment property in three unit ...

6-12, Scott Street, Blenheim, Marlborough

Tender

Proposed Usage
Retail
Floor Area
710.00 m²
Description:
Property ID
1c74xp5

Commercial investment property in three unit titles

This commercial and retail building has undergone a strengthening program, this was carried out in 2016/2017 to bring the building up to 67% NBS. Ground floor tenancies are strong businesses with the well established and well supported Figaro’s café and Jaycar Electronics brand which has a dependable trading history throughout New Zealand and Australia. The first floor tenancies are leased by a national financial advisory and a Pacific and Oceania trading company. The first floor has approximately 150 Square metres of vacant office space - this would respond well to some modernising. It could also be converted to smaller offices or perhaps shared office space with hot desk option. Ground floor retail space has rear access off a courtyard allowing for easy access for deliveries. Consideration may be given to future potential for apartment living as this area of town has a vibrant nightlife and predominantly seven days trading form cafe bars and retailers.
For information memorandum contact Geoff 027 449 1575 or email geoff@firstnational.co

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Blenheim Area