Deadline Sale (unless sold prior)

Closes 4pm, Wednesday 14 April 2021

288 Trafalgar Street, Nelson

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

• Short term residential tenancies

• One and two bedroom residential apartments

• Income potential circa $175,000 net pa

• NBS 67%

• Commercial land bank opportunity