Positioned in the heart of Picton's vibrant CBD, this high-exposure mixed-use property presents an exceptional investment opportunity.
Spanning two freehold titles totalling 553sqm (more or less), this property offers a substantial 550sqm (more or less) floor plate across two storeys and four tenants.
With a commanding street frontage onto High Street and a 75%NBS rating, the ground floor is tenanted by established commercial operators, Heartland Services and Down Under Books, delivering reliable income.
Above, two residential accommodation units provide additional income streams or future flexibility for redevelopment or owner-occupation.
Surrounded by retail, hospitality, and service businesses, the location benefits from high volumes of foot and vehicle traffic year-round, amplified during Picton's busy tourist season.
Zoned Business 1, the property offers potential for up to four car parks by converting the rear courtyard.
Currently generating a combined annual rental of $96,200 plus GST and Outgoings (if any).
Ideal for astute investors seeking to secure a strategic asset in one of Marlborough's most visited townships.
Key features
• 553sqm (more or less) freehold land across two titles with prime street frontage and 75%NBS rating
• Mixed-use investment with retail, office and residential tenants
• High-traffic CBD location with strong tourist-driven exposure
For Sale by Negotiation
For more information or to view, contact the exclusive agents Grant Thorpe or Zak Thorpe
