Deadline Private Treaty closing 2:00pm, Tuesday 3 March 2026 (unless sold prior)
Positioned in the heart of Annesbrook's tightly held industrial precinct, 139 Pascoe Street presents a compelling combination of stable holding income plus genuine upside through a surplus land component, ideal for investors or owner-occupiers planning future expansion.
The property comprises 1,250sqm (more or less) of freehold industrial land, with scope to utilise the surplus land component for yard use, additional improvements, or development, subject to any required council approvals.
A key attraction is the site's high-profile frontage and exceptional visibility to the busy Nelson Junction, with convenient access to Nelson Airport and key arterial links connecting Nelson and Richmond, an outstanding platform for business exposure and logistics efficiency.
Income in place: The main building is leased to Copy Press (D & P MacManus Investments Limited), with a rent of $43,000 + GST p.a. (from 1 December 2022). The tenant has one further right of renewal (3 years) from 1 October 2026, with a final expiry of 30 September 2029 if renewal is exercised.
This is a rare chance to secure a freehold industrial holding with tenant security today and land-driven upside tomorrow, in one of Nelson's most recognised commercial locations.
Enquire today for the full Information Memorandum or to arrange a private viewing.
