Cnr Main and Market Streets, Blenheim, Marlborough

Radio House, Corner Market and Main Street

* Part of three level retail and office CBD building
* Offering is to sell Ground Floor and First Floor Unit Title
* Anchor tenant is Southland Building Society, plus eight others
* Total current rental income is circa $183,202 per annum, plus GST
* Building strengthening recently completed

Property Details
Ground Floor Retail Floor area - 454sqm (more or less)
First Floor Offices Floor Area - 386sqm(more or less)
Zoning - Commercial/Retail
Tenure - Stratum Estate in Freehold
Capital Value (As at 1 July 2011) - $1,944,000

Tenancy Details
Name of Tenant - SBS Bank
Term of Lease - 10 years
Commencement Date - 1st July 2012
Review Date - 30th June 2015
Rights of Renewal - Two (2) of five (5) years
Net Rental - $105,000

Additional tenancies include Marine Farming Association, Custom Copy, Fanselow Bell (Human Resources), Farmers Mutual Group, Stirling Sports & three others, plus income from Billboard

For Sale by negotiation

Please contact Grant Baxter for further information.