181 High Street presents investors with an established commercial investment in Blenheim, combining a long-standing tenant, rental income and versatile office accommodation on a substantial freehold site.
Occupying a 1,012sqm (more or less) landholding, the property comprises 189sqm (more or less) of office accommodation, complemented by a separate 25sqm (more or less) garage providing additional storage.
The property is leased to established surveying firm Gilbert Haymes & Associates, which has occupied the premises since 2017. Currently generating $65,136.92 plus GST and outgoings annually, the property is offered for sale at $940,000 plus GST (if any), representing a 6.93% net yield at the asking price.
A new five-year lease term commences 1 November 2026, with two further five-year rights of renewal.
The functional layout includes a welcoming reception area, two large office areas, five general offices, a staffroom, bathroom facilities and multiple storage areas. An accessibility ramp provides access to the entrance, while onsite staff and customer parking is complemented by additional on-street parking.
With an established tenancy, substantial freehold landholding and convenient onsite parking, 181 High Street offers investors an opportunity to secure an income-producing commercial property in Blenheim.
Key features
• Established tenant generating $65,136.92 plus GST and outgoings annually
• New five-year lease term with two further five-year rights of renewal
• 1,012sqm (more or less) freehold site with onsite parking
For Sale $940,000 plus GST (if any)
For more information or to view, contact the exclusive agents Grant Thorpe or Zak Thorpe
