1 High Street, Picton, Marlborough

price TBC

531m2

Land Area

446m2

Floor Area
sold-flag

7% Yield - Picton marina precinct investment

Positioned at the gateway to Picton’s vibrant waterfront precinct, this prominent corner freehold property presents a compelling opportunity to secure a well-performing commercial investment in one of Marlborough’s most recognised tourist destinations. The modern 446 m2 (approx.) building with its construction rating of 75% NBS, occupies a strategic corner site at the end of Picton’s main street, enjoying exceptional exposure to both pedestrian and vehicle traffic. Located just moments from the foreshore, marina and ferry terminal, the property sits at the centre of Picton’s busy retail and hospitality strip, benefiting from strong year-round visitor activity and local foot traffic. Fully tenanted by three well-established hospitality and retail operators, the property produces a combined annual rental income of $130,800 + GST and outgoings. Priced to deliver an attractive circa 7% return, the investment offers immediate income with a diversified tenant mix that helps support long-term stability and minimise vacancy risk. With Picton continuing to benefit from strong tourism, cruise and ferry traffic, this property represents a rare opportunity to secure a high-profile, steady income-producing asset in a tightly held waterfront location. Opportunities to acquire blue-chip commercial assets in the heart of Picton are seldom available. Investors are encouraged to act quickly. For the full information memorandum, lease details and viewing arrangements, contact the exclusive agents today.

1 High Street, Picton, Marlborough

Web ID

BLC216232

Floor area

446m2

Land area

531m2

District rates

$19,620.24pa

LV

$1,040,000

RV

$1,820,000

price TBC
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BLC216232
Erika Williams

Erika Williams

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