20 Woodmor Road, Witherlea, Marlborough

Blenheim storage complex - 169 units

First time on the market in 17 years of successful trading history. Purpose built in 2004/5 and located near Wairau Hospital and the recently developed Boulevard on Taylor residential subdivision.

• Low maintenance modern complex
• Great opportunity for owner/operator or passive investor
• Convenient location near residential and industrial areas

The complex is very popular with a range of occupants. Advertised lease rates are conservative, and below comparative complexes elsewhere. Realistic lease rates ready for review which will be of benefit to new owners.

Average long term lease term of 47 months giving a net rental of $241,967 + GST for the year ending 31 March 2020. Further details are available upon request.

Contact Grant Baxter for further information.