Profitable Storage Shed Facility


26 McArtney Street, Blenheim

Auction

Download Email
Profitable Storage Shed Facility | 26 McArtney Street, Blenheim | 4003138 |      X Close
Image
Description

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.

26 McArtney Street, Blenheim

Open in map