Property in detail

6-12 Scott Street, Blenheim
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Commercial investment property in three unit titles

$1,550,000
Listed at $1,550,00 plus GST, this fully tenanted building is offering a 5% return to investors. This commercial and retail building underwent a strengthening program 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 150m² 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.
Additional Information
  • Property Type: Offices, Retail to Buy
  • Status: For Sale
  • City: Blenheim
  • Postcode: 7201
Features
Viewing Times
  • Open for Inspection By Appointment
ID - RX2597184

Grant Thorpe

Licensed Agent REAA 2008
027 599 9699
grant@mfirst.co.nz
see agent profile

Zak Thorpe

Licensed Salesperson REAA 2008
0272533333
zak@mfirst.co.nz
see agent profile

Contact me re this listing

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