Bayleys Real Estate Ltd
Residential
Commercial
Rural
Property Services
News and EditorialLive Auctions

Nelson

131 Bridge Street, Nelson, Nelson

Watchlist
Share
Sold
Slide 1 of 6
1 OF 6
4003430_1.jpg
4003430_2.jpg
4003430_1.jpg
4003430_2.jpg
4003430_1.jpg
4003430_2.jpg
1,438sqm Floor area
929sqm Land area SQM

Asking Price NZ$2,500,000 + GST

 (if any)

Mixed use commercial investment opportunity


Prime freehold commercial site of 929sqm located in Nelson city's busy Bridge Street precinct with a mix of hospitality, accommodation and residential tenancies.
The ground floor consists of a large scale hospitality tenancy with a new 10 year lease from February 2020. The first floor comprises a well appointed backpackers, with rear access from New Street and two modern residential apartments fronting Bridge Street.
• Long term commercial leases
• One and two bedroom residential apartments
• Income potential circa $175,000 net pa when fully let
• NBS 67%
• Commercial land bank opportunity

Gill Ireland

Gill Ireland


Vining Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Paul Vining

Paul Vining


Vining Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Location


High foot traffic area

Mixed usage


Entertainment downstairs, backpackers and residential apartments upstairs.

Opportunity


Purchase this high profile site freehold