Prime location in Blenheim’s CBD, excellent street frontage and national tenant.

This excellent industrial building has a wide street frontage with high traffic profile. There are two levels facing Nelson Street: downstairs reception, office, changing rooms and kitchenette, upstairs office, and mezzanine landing. The main portion of the building behind opens out into a high-stud, clear-span warehouse.

Currently leased to a national tenant, City Fitness, the main warehouse space is well-fit-out for this purpose with carpet tiles, well-finished walls and ceiling, and good lighting. The reception area is welcoming, the office spaces well finished and changing rooms well equipped.

The current tenant’s lease has recently been renewed providing a rental income of $102,372 + GST and outgoings to 1 April 2026, with a rent review due 1 January 2024.

There is additional access to the building via the rear driveway from Auckland Street which also provides four car parks.

Key features

• Invest and hold – enjoy the rental income while planning for redevelopment or occupation
• Dual access is advantageous for a number of tenants or an eventual owner occupier