Better than money in the bank, situated 5 minutes from Picton and the world renowned Marlborough Sounds this is a very versatile proposition. Currently in rented units plus a 4 bedroom managers unit, a separate 2 bedroom holiday unit , laundry storerooms and a fully fenced storage compound ideal for boats, cars, buses or caravans. With 7536 metres of fenced land this property is ripe for development and currently held in two titles. Present rental projections are over $140,000. Actual income last 4 months has ranged from $11,000 to $15,000. This property can be run by an absentee owner or managed locally and the ability to increase the income stream is real. Our owner is selling for health reasons. Astute investors will realize the potential of this prime State Highway 1 property.