28 Maxwell Road, Blenheim, Marlborough

28 Maxwell Road, Blenheim, Marlborough Prime CBD office or retail investment

Available for sale is this ideal small business office or retail building in the Blenheim CDB. The large windows spanning the front of the building create excellent street appeal and branding opportunities, as well as excellent natural light for tenants. The busy main road offers high vehicle and foot traffic, with many cafes, bars and restaurants in close proximity.

The building has recently been split into two tenancies of roughly equal sizes. The right-hand tenancy opens into a reception/waiting room and has a separate office, meeting room and larger office/staff room. The left-hand tenancy opens into an open plan office or retail space and has a separate office, ideal for small businesses. Completing the package, each tenancy also has a storage room, as well as a dedicated kitchenette and bathroom facilities.

Two rear dedicated car parks and laneway access from George Street are ideal for the comings and goings of small businesses.

The 86sqm tenancy is leased to a well-established local conveyancer. The 74sqm tenancy is leased to an exciting Tea and Juice Nutritional Bar. Both tenants have excellent branding and represent the property very well.

Current rental income is 47,000 net p.a. With long term leases and RORs in place. Investors may expect circa 7.5% returns.

For more information, contact the exclusive agents today!