6 Dodson Street, Blenheim, Marlborough

Tenanted Commercial Investment Opportunity

This is a secure investment opportunity with an established tenant and good lease in place. The tenant, Industrial Marine Ltd who are a successful manufacturing business have been operating since the 1980's.

The tenant is currently paying $40,000 plus GST and outgoings with a final expiry date of 13th September 2022.

Land area of approx. 800sqm the property has a good street exposure, easy vehicle access to a large front yard with the building at the rear incorporating several workshop areas, storage, office and mezzanine level.

Located on the northern perimeter of Blenheims central light industrial development area, approx. 1.5km north of Blenheims commercial retail centre. Neighbouring properties are developed to a variety of industrial uses including a tavern, mote and vehicle testing station. My vendors have owned this for several years and are offering this to the market with a secure tenant showing a good return of around 8% on your investment.

Offers over $495,000 plus GST (if any)