PICTON: Magnificent Versatile Investment Property. Land & Buildings $2,200,000

Separate leases cover both a restaurant & bar and a motel complex, which are situated in the heart of Picton’s shopping area and close to the Railway Station and Inter Island Ferry Terminal.

The leases, which vary in length, are at rentals that have not been adjusted for some time.  This has allowed the tenants to ride the economic downturn and the rentals are reported to be lower than similar properties.  This leaves an astute purchaser the possibility to maximise return on this investment sooner than later.

This is a “jewel in the crown” investment situated at the gateway to the magnificent Marlborough Sounds.  As well as being a holiday destination in its own right, Picton enjoys everyday an influx of commercial and tourism travellers.

Versatile investment opportunities like this are seldom available in such a prime position.

We would welcome your enquiry on this investment property for sale in Picton via this website or by phoning INKY STOVE on 03 550 0471 or 021 182 6940.