Marlborough Commercial Limited
Real Estate Agents
- Listing #:
- RX4295822
- Listed:
- 67 days ago
$1,795,000
High-Yield CBD Property: Dual National Tenants
101-101A Market Street, Blenheim, MarlboroughRetail
-
- 778m2 Floor Area
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- 720m2 Land Area
About this property
Commanding a premier position in the heart of Blenheim's Central Business District,101-101A Market Street is situated along the bustling main retail strip, offering unparalleled visibility and excellent brand exposure due to consistent vehicle and pedestrian traffic.
With an expansive combined floor area of 778sqm (more or less), these prominent properties occupy two well-recognised national tenants, both on secure, long-term leases that include regular rent reviews.
The pharmacy tenant has recently renewed for an additional 5 years, with further rights of renewal in place, ensuring long-term stability and income growth.
Offering an attractive yield in excess of 7.4%, this investment provides strong returns with excellent future potential.
Tenants benefit from convenient access via a rear laneway, which includes three dedicated staff parking spaces. Additional paid parking nearby provides easy options for both staff and customers.
Seismically strengthened to 87%NBS, this is a secure investment opportunity in a prime location.
Key features
• Multi-tenant investment with high income, long-term leases, and regular rent reviews
• Prime location on Market Street, Blenheim's central retail hub
• Seismically strengthened to 87%NBS
For Sale $1,795,000 plus GST (if any)
For more information or to view, contact the exclusive agents Grant Thorpe or Zak Thorpe
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