Sold Property

71 Budge Street, Blenheim, Marlborough

  • 890
  • 360 m2

$602,500

9% Return For 6 Year Initial Lease

Lease just signed for 71 Budge Street
$54,000 + GST + OPEX + Maintenance
6 Years initial term with Right to renew for 2 further terms of 3 years each
Used for Seasonal workers' accommodation.
Purpose built in 2008 a 7 room accommodation with kitchen/ dining, lounge and amenities.
Can house maximum of 30 people as per fire report
Property includes older 1950's refurbished house with 3 bedrooms. Ability to house another 7 people.
12 Parks on site.

Marlborough District Council Property Number: PN310623 Property ID: #BL7284

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Sold Date

  • 17 November, 2016

Property features

  • Property Type: Other
  • Uncovered: 12
  • Property Details: Vacant, Tenanted Investment
  • Zone: Urb Residential 2
  • Tenure: Fee Simple
  • Virtual Tour URL: http://www.youtube.com/watch?v=6cO6MGbk90M
  • Tenancy 1: Area Sqm: 360, Commencement Date: 01 March 2016, Expiry Date: 30 September 2016, Tenant Name: Hortus
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Office

Harcourts Blenheim

Licensed under REAA 2008

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Est. bond $1920
  • 890
  • 360 m2

Sold Property

71 Budge Street, Blenheim, Marlborough

$602,500

9% Return For 6 Year Initial Lease

Lease just signed for 71 Budge Street
$54,000 + GST + OPEX + Maintenance
6 Years initial term with Right to renew for 2 further terms of 3 years each
Used for Seasonal workers' accommodation.
Purpose built in 2008 a 7 room accommodation with kitchen/ dining, lounge and amenities.
Can house maximum of 30 people as per fire report
Property includes older 1950's refurbished house with 3 bedrooms. Ability to house another 7 people.
12 Parks on site.

Marlborough District Council Property Number: PN310623 Property ID: #BL7284

Property Features

  • Property Type: Other
  • Uncovered: 12
  • Property Details: Vacant, Tenanted Investment
  • Zone: Urb Residential 2
  • Tenure: Fee Simple
  • Virtual Tour URL: http://www.youtube.com/watch?v=6cO6MGbk90M
  • Tenancy 1: Area Sqm: 360, Commencement Date: 01 March 2016, Expiry Date: 30 September 2016, Tenant Name: Hortus
Show More

Sold Date

  • 17 November, 2016
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Harcourts Blenheim

Office Harcourts Blenheim Licensed under REAA 2008

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