1 High Street, Picton, Marlborough
price TBC
531m2
446m2
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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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.
$1,850,000 + GST (if any)
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