Multi-Tenanted Investment with Value-Add Opportunity
72, 76 & 35 Queen Street, Blenheim - Capital Value for three titles $4,055,000
An exceptional opportunity to secure three adjoining freehold titles in the heart of Blenheim's CBD, offering a diversified income stream, multiple established tenants, and significant future upside through leasing of the current vacant premises.
Positioned in one of Marlborough's busiest retail precincts, this portfolio combines prominent street frontage, internal mall retail, and established national and local tenants, making it an attractive investment for both seasoned investors and owner-investors.
Investment Highlights
• Three freehold titles offered together
• High-profile CBD location with excellent pedestrian exposure
• Multiple income streams across retail and commercial tenancies
• Several vacant premises providing immediate leasing upside
• Diverse tenant mix including retail, fitness, hospitality and service businesses
• Opportunity to increase rental income as vacant spaces are leased
• Current Tenancy Profile
72 Market Street
- All Good Brew - New 3 + 3 + 3 year lease commenced 1 August 2026
- Fabric Creations - Month-to-month tenancy
- Unit 3 - Vacant (asking $14,500 + GST + Outgoings)
- Unit 4 - Vacant (asking $8,000 + GST + Outgoings)
- Unit 5 - Restyle Clothing - Lease commenced 1 June 2026
76-78 Market Street
- Unit 3 - Photographer
- Unit 4 - F45 Fitness Centre
- 76 Market Street street-front retail - Vacant (asking $40,000 + GST + Outgoings)
- 78 Market Street - Stirling Sports
35 Queen Street
- Island Shop - Established lease in place
Seismic Information
• 76-78 Market Street - 67% DSA
• 72 Market Street - 70% IEP
• 35 Queen Street - 10% IEP
A Rare CBD Investment
Properties of this scale, flexibility and location rarely become available in Blenheim's tightly held commercial market. Whether you're seeking a stable investment with immediate income or an asset with genuine rental growth potential, this portfolio presents an outstanding opportunity.
For Sale: $2,699,000 + GST (if any)
For further information, a full tenancy schedule, lease documentation or to arrange an inspection, contact Clay Knowles of Ray White Commercial Blenheim today.
