52-54 High Street, Picton 7220

For Sale Negotiation

Retail Investment Picton

2 Shops on High Street Picton.

Shop 1. is one of the busiest Takeaway businesses in Picton having been established for over 20 years. Very good lease of 5 years from September 2018 with 2 rights of renewal each of 5 years.

Shop 2. currently vacant with floor area of 126sqm. Ideal for small boutique retailer of similar with the added advantage of the very busy takeaway next door generating a steady stream of customers. Recent seismic assessment showing 70% NBS (report available on request). Total rental when fully leased $43,460.00 + GST + Outgoings. Picton is experiencing good retail growth with the steady increase of cruise ships visiting and the busy season extending. The future looks bright for this type of commercial investment.

Contact Geoff 0274 491-575 or email geoff@firstnational.co

Make enquiry

This property is proudly listed by:

First National 64 Queen Street
Blenheim NZ 7240

Open for Inspection

By Appointment

Additional information

Property Type Retail to Buy
Property ID 46027110029
Price Negotiation
Land Area 336 sqm (approx)