Ray White - Blenheim
Real Estate Services, Real Estate Agents
- Listing #:
- BLN31118
- Listed:
- 161 days ago
Enquires Over $3,600,000 Plus GST (if any)
Marlborough's Well Known Forum FOR SALE!
48 Market Street, Blenheim, MarlboroughRetail
-
- 1,870m2 Floor Area
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- 1,774m2 Land Area
About this property
Location:The property boasts a prime location at the prominent intersection of Market Street, High Street, and Queen Street, right in the heart of Blenheim's central business district (CBD) and primary retail shopping zone. 48 Market Street, Blenheim has been family owned and operated since 1993. Market Street stands as the bustling epicenter of Marlborough's shopping scene, while The Forum takes center stage as the dominant centre point shopping complex in Blenheim, serving as a focal point for the town center. The complex's expansive and well-liked front courtyard provides an ideal setting for various local activities, fairs, and markets, infusing the area with vitality, vibrancy, and a steady stream of foot traffic.
Property Description:
The Forum Retail, Cafe and Office Complex offers a annual net return of $381,609.96 + GST + outgoings. With one unit left to lease, level 1 2.2 48 Market Street currently advertised for $11,500 + GST + outgoings.
Construction (1993/94): The complex was built with concrete foundations, including a concrete ground floor, main frame, and first-floor slab. The remaining structure incorporates a combination of a timber frame and aluminium-framed window joinery.
Interior: The interior spaces feature Gib board walls and suspended ceilings, adding to the overall aesthetic appeal.
Safety: A modern comprehensive fire alarm system that was updated in 2020 is installed throughout the entire complex, ensuring a secure environment.
Maintenance: The property is meticulously maintained to the highest standard. Painting and facility maintenance and upgrades guarantee a modern and attractive setting.
Tenancies: The complex accommodates a total of 13 tenancies, offering a well-coordinated mix of businesses including food and beverage establishments, fashion stores, a national book retailer, hair and beauty salons, boutique retail outlets, Public Trust, NZ Transport Agency, environment planner, financial services.
For further enquiries please contract Clayton Knowles!
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