30 Timandra Place, Blenheim, Marlborough

Tenanted Industrial Investment

• 430sqm workshop on 1,490sqm site
• Net income $59,558pa + GST
• From 01 December 2020 net income $60,392 plus GST
• Located in an established industrial area
• Quality tenant
• Five year lease from November 2017 with two x five year Rights of Renewal

Surrounded by a diverse mix of industrial entities including Fonterra, Porter Hire, Aquanort Pools, Imagine Signs, and Findlater Construction amongst others, and within three kilometres from the Blenheim CBD, this fully tenanted freehold property will appeal to a wide range of investors including family trusts, individuals, and business owners looking for a well maintained passive investment.

The north facing industrial building, completed in 2008, has handy access to Main Street, which doubles as State Highway One, and is adjacent to a number of other commercial, industrial and retail businesses operating in the area.

The tenant is a well established motor industry operator, that has their paint and panel side of the business operating from the site.

Opportunities such as this do not come to the market very often, and will allow purchasers to secure a sought-after investment with a yield more attractive than many.