Listing #:1121330659

Retiring Partners Wish To Liquidate

Location: 16-28 Scott Street, Blenheim Central, Blenheim, Marlboroug­h
Property use: Office
Floor area: 2,362m2
Land area: 1822m2
Price: Price by negotiatio­n
For Sale or For Lease - Prime Location, Multiple Tenants

Current rental income $339,196 from eight business & retail tenancies
Seven Ground Floor tenancies - 130sqm to 300sqm (totalling 1160sqm)


Very tidy top floor office area of 1,280sqm becomes vacant from 1st July 2017 after long term professional tenant (approximately 45 employees) relocates to own new building.

Built in the 1970's the exterior facade will be modernised and a new lift installed. The property is surrounded by a great mix of office, retail and hospitality businesses. Zoning is Commercial with retail.

Opportunity for owner/occupier, or to add value by partitioning first floor office area.

Strengthened to above 67%NBS16 carparks

Capital Valuation $3.315 million (as at 1st July 2014). All options considered.

Possibility of a 50/50 equity partnership.

Full tenancy details available upon request.

Contact Grant Baxter for further information.

Agency reference #: 4131253
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Price by negotiation
16-28 Scott Street, Blenheim Central, Blenheim, Marlborough
Price by negotiation
Listed: Mon 11 Jul, 9:10 am
Grant Baxter
Bayleys Marlborough - BE Marlborough Ltd, (Licensed: REAA 2008)
  • Contact details
  •  (03) 5787700
  •  (027) 2971902

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Agent's details

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Grant Baxter
Bayleys Marlborough - BE Marlborough Ltd, (Licensed: REAA 2008)
(03) 5787700
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Expires: Mon 14 Jan, 3:05 pm
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