Discover an exceptional investment opportunity in the heart of Blenheim! This expansive property offers a holding income from ground floor tenants on Blenheim's preferred CBD retail strip with the added opportunity to significantly increase cashflow or occupy yourself in a versatile 1,320m2 1st floor space ideal for a variety of business ventures and which has already been prepared for redevelopment.
• Floor Area: 2,640m² (more or less)
• Section: 1,822m²
• Year Built: 1970
• Ownership: Freehold
• NBS Rating: 67%
Ground Floor Highlights:
• 8 high quality and active retail tenants: Including Frank's Oyster Bar Restaurant, 2 Style Hair Design, Master Roasts, Nail Spa, and more, ensuring cashflow, steady foot traffic, and a vibrant community atmosphere.
Level 1 Features:
• Approx. 1,320m²: Available for development then lease or an owner-occupier
• Versatile Usage: Ideal for one or several commercial enterprises, such as accommodation, gymnasium and fitness, a business hub, indoor market, yoga, dance studio, or countless other possibilities providing an easy commute for tenants or employees within short walking distance to the town's shopping, entertainment, or other amenities
• Development space has already been prepared for refitting for one or a number of enterprises
Located in Blenheim's bustling center, this property is a prime opportunity for astute investors wanting to add value or for an owner-occupier business looking to thrive within the Marlborough region. The building's premium ground floor retail space is fully tenanted and generates strong rental income as well as a vibrant environment that will enhance the area for enterprises introduced to the 1st floor. With a mix of well-known tenants and flexible space options, it presents an excellent opportunity for investors and business owners alike.
Don't miss out on this rare chance to own a big piece of Blenheim's CBD commercial real estate