26 McArtney Street, Blenheim, Marlborough

Profitable Storage Shed Facility

This profitable storage facility is located less than 1km from the centre of Blenheim on an industrial-zoned section on the corner of McArtney Street and Houldsworth Street. The property consists of 49 sheds plus 2 offices situated on a 1,832sqm corner site providing multiple access points with easy access for cars, trucks and trailers.
Purpose-built nearly 18 years ago, this low maintenance property benefits from a long history of very high occupancy and a steady level of demand given the central location in Blenheim. The existing tenancies provide a gross weekly income of approximately $2,860 (including GST) with the additional opportunity to review and increase some of the rental rates.

•49 Sheds and 2 offices
•1,832sqm Industrial corner site
•Central Blenheim location
•Low maintenance
•High occupancy rates
•Projected net annual passing income of $106,521 + GST
•Potential for rental growth
•Ability to self-manage

For sale by way of auction (unless sold prior) at 12 noon, Friday 27 November 2020, at Bayleys Marlborough, 33 Seymour Street, Blenheim.