12 Main Street, Blenheim, Marlborough

Passive Blenheim CBD Commercial Investment

* Recently strengthened to 100% of New Building Standard\n\n* Fully tenanted to two national corporate businesses\n\n* Land area 1127sqm\n\n* Lettable floor area 368sqm on two stories\n\n* 17 car parks\n\nRecent refurbishment and a highly visible building surrounded by quality neighbours make this a genuinely rare opportunity to secure a quality property for long term passive returns.\n\nTenancy Details\nName of Tenant AMI Insurance\nCommencement Date 1st July 2011\nTerm of Lease Six (6) years\nRights of Renewal Nil\nRent Review 1st July 2014\nNet Rental $57,300 p.a. + GST\n(includes 17 car parks)\n\nName of Tenant Relationship Aotearoa\nCommencement Date 1st October 2010\nTerm of Lease Three (3) years\nRights of Renewal One (1) further term of three (3) years\nRent Review Each renewal date\nGross Rental $19,000 p.a. + GST\n\nTotal Net Rental Circa $69,660 p.a. + GST \n\nAuction 12pm, Wed 17 July 2013, Bayleys,\nCnr Charles and Seymour Street, Blenheim\n\n\nFor further information please contact Grant Baxter or John O'Brien\n