5 Russell Terrace Blenheim, Marlborough District

URGENT SALE - $699,000 + GST (if any)
Prime Blenheim Position | Owner Occupier | Lease

MOTIVATED VENDOR - PRESENT ALL OFFERS

URGENT SALE - $699,000 + GST (if any)
Vendor Motivated - Present Your Offer

A substantial 240sqm commercial property in a rapidly evolving Blenheim location - and the vendor is keen to see it sold.

Positioned alongside the ASB Theatre and just moments from the heart of the CBD, this well-presented commercial property offers an outstanding opportunity for an owner occupier or investor looking for a well-located commercial holding with flexibility for the future.

The property provides approximately 240sqm across three levels, with a practical office configuration including six private offices, a spacious boardroom, reception area and two valuable onsite car parks.

Adding further appeal is the property's position within an increasingly vibrant precinct, with significant investment and redevelopment taking place nearby, including the transformation of the former Clubs of Marlborough site into a boutique hotel, wine and food destination and hospitality hub.

Key Features
• URGENT SALE - motivated vendor
• $699,000 + GST (if any)
• Approx. 240sqm across three levels
• Six private offices
• Spacious boardroom and reception
• Two onsite car parks
• Commercially zoned
• Structurally strengthened to 67% NBS
• Directly alongside the ASB Theatre
• Close to Blenheim CBD
• Potential to investigate residential or alternative use, subject to Body Corporate, Council and all necessary consents
A Flexible Opportunity

Currently configured as professional office accommodation, the property could suit a business looking to secure its own premises and build long-term security rather than continue leasing.

There may also be potential to investigate an alternative use, including residential, subject to the relevant Body Corporate approval, planning requirements, building requirements and Council consents.

With the surrounding precinct continuing to evolve, this is an opportunity to secure a substantial property in a location that is becoming increasingly sought after.

THE VENDOR IS KEEN TO SELL

At $699,000 + GST (if any), this represents a compelling opportunity for an owner occupier or investor looking for value in a prime Blenheim location.

The vendor is motivated - don't miss the opportunity to put forward an offer.

For further information on the surrounding development, copy and paste the following link into your browser:

http://www.thepress.co.nz/nz-news/360741083/milestone-moment-blenheim-hotel-gets-resource-consent?fbclid=IwQ0xDSwLfvJRleHRuA2FlbQIxMQABHkWD0k6MaS11Od3kTzWMOJD4JIlW_xZKVP3eGR4jaQtxgz6Ozaplil5vLtnZ_aem_rvBckTul3lwwa-cUgPPebA

PRICE: $699,000 + GST (if any)
VENDOR MOTIVATED - PRESENT YOUR OFFER