717sqm
floor area
8,792sqm
land area
Anchor tenants | Established reputable businesses servicing viticulture industry |
Lease term | Six year lease with two rights of renewal at six years each |
Multi-use | Split between light industrial operations and residential dwelling |
Opportunity | Exceptional investment opportunity with dual income - commercial lease and residential tenancy, or an option to to utilize residential dwelling for personal use |
Uncover a world of possibilities with this exceptional investment opportunity that brings together the best of both worlds - a secure income stream from a long-term lease with an established business, plus a residential dwelling for personal use or an additional rental income. This property is a standout choice for savvy investors and those looking for a dynamic living/passive income option.
The light industrial part of the property is set on 7,453sqm (more or less) lot and has a total 717sqm (more or less) of buildings comprising an office block, staff lunchroom, storeroom, enclosed workshop and a five-bay storage building. The remaining yard area ensures plentiful parking and ease of vehicular movements. Leased to an established business, it provides a steady and secure revenue.
The freehold title also includes a residential property which is well concealed from the industrial operations and has its own separate accessway. A 124sqm (more or less) three-bedroom home, separate garage with workshop on established 1,338sqm (more or less) grounds present a perfect permanent residence or a rental option to further increase a return on investment.
Offering easy access to Blenheim's township, its amenities and main arterial roads, this property offers excellent connectivity to major transportation routes, shopping centres and recreational amenities for both commercial and residential purposes.
Key Features:
•Mixed-use property offering versatility
•Well-maintained light industrial facilities
•Long-term commercial lease (six (6) years plus two (2) rights of renewal of six (6) years each)
•Residential dwelling for rental income or personal use
•Large rural living zone section for potential redevelopment in the future
Contact us today to schedule a viewing and explore the possibilities that this property has to offer.
*Commercial lease details and residential rental appraisal are available on request
Licensed under the REA Act 2008
Mobile: +64 21 325 477 |
Office: +64 3 578 7700 |
michael.ryan@bayleys.co.nz |
Licensed under the REA Act 2008
Mobile: +64 27 310 5711 |
Office: +64 3 578 7700 |
erika.williams@bayleys.co.nz |
717sqm
floor area
8,792sqm
land area
Anchor tenants | Established reputable businesses servicing viticulture industry |
Lease term | Six year lease with two rights of renewal at six years each |
Multi-use | Split between light industrial operations and residential dwelling |
Opportunity | Exceptional investment opportunity with dual income - commercial lease and residential tenancy, or an option to to utilize residential dwelling for personal use |
33-37 Waters Avenue, Burleigh
Open in mapLicensed under the REA Act 2008
Mobile: +64 21 325 477 |
Office: +64 3 578 7700 |
michael.ryan@bayleys.co.nz |
Licensed under the REA Act 2008
Mobile: +64 27 310 5711 |
Office: +64 3 578 7700 |
erika.williams@bayleys.co.nz |
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