Mixed use commercial investment opportunity
Mixed use commercial investment opportunity
131 Bridge Street, Nelson
131 Bridge Street, Nelson
Asking Price NZD $2,500,000 + GST (if any)
Asking Price NZD $2,500,000 + GST (if any)
Listing ID 4003430
Features
-
1,438sqm
floor area -
929sqm
land area
Details
Asking Price NZD $2,500,000 + GST (if any)
| Location | High foot traffic area |
| Mixed usage | Entertainment downstairs, backpackers and residential apartments upstairs. |
| Opportunity | Purchase this high profile site freehold |
Description
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
Nelson
Licensed under the REA Act 2008
| Mobile: +64 22 184 2483 |
| Office: +64 3 546 3576 |
| [email protected] |
Paul Vining
Nelson
Licensed under the REA Act 2008
| Mobile: +64 21 280 8090 |
| Office: +64 3 546 9455 |
| [email protected] |
Features
-
1,438sqm
floor area -
929sqm
land area
Details
Asking Price NZD $2,500,000 + GST (if any)
| Location | High foot traffic area |
| Mixed usage | Entertainment downstairs, backpackers and residential apartments upstairs. |
| Opportunity | Purchase this high profile site freehold |
131 Bridge Street, Nelson
Open in map
Gill Ireland
Nelson
Licensed under the REA Act 2008
| Mobile: +64 22 184 2483 |
| Office: +64 3 546 3576 |
| [email protected] |
Paul Vining
Nelson
Licensed under the REA Act 2008
| Mobile: +64 21 280 8090 |
| Office: +64 3 546 9455 |
| [email protected] |
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