Nelson CDB development opportunity with income


25-27 Bridge Street, City Centre

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Nelson CDB development opportunity with income


25-27 Bridge Street, Nelson presents a rare opportunity to purchase three freehold titles right in the heart of Nelson's CBD with a total land area of 1,526sqm.

The property at Bridge Street in Central Nelson is occupied by the region's biggest privately-owned bus company, Nelson SBL Holdings, which has been operating in the city for more than 90-years. The central city depot straddles Bridge Street and Wakatu Lane - allowing easy and efficient entry and exit access for the Nelson SBL Holdings bus fleet - and is zoned Inner-City Centre under the Nelson City Council plan.

The property is being offered for sale with a leaseback in place for up to three years at a market rental of $146,360 net pa. The opportunity provides an advantageous situation to many purchasers as you're acquiring an asset with holding income and significant inner-city development potential.

Develop, invest, occupy or land bank? This presents a truly unique opportunity that is not to be missed.

•1,526sqm across three freehold inner-city titles

•Holding income of $146,360 net pa

•Two wide street frontages to Bridge Street and Wakatu Lane

•Development opportunity in high demand region

•Close proximity to public car parks, retail, and hospitality

Paul Vining

Nelson

Licensed under the REA Act 2008

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25-27 Bridge Street, City Centre

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Paul Vining

Nelson

Licensed under the REA Act 2008

View profile