Offered to the market for the first time, 36-40 Ellis Street presents a substantial mixed-use investment generating income from 18 separate tenancies across a significant commercial precinct and ten modern apartments.
Set on 3119 sqm of land in the heart of Brightwater, the property delivers immediate cash flow, income diversification and a clear opportunity to further enhance returns through active asset management rather than capital spend.
Property Highlights:
- Brightwater's largest town-centre commercial footprint
- $486,700 p.a fully leased net income ($434,700 passing) from 18 diversified income streams
- No single tenant above 11% of income
- Ten modern two-bedroom apartments with consistently strong occupancy
- Clear pathway to yield growth with minimal capex
- Four freehold titles with unit title potential (subject to approvals)
- Extensive on-site parking, rare for a town-centre asset
The commercial precinct is anchored by established occupiers including NZ Post and HQ Cafe, and its flexible layout suits a wide range of tenants. Two vacant tenancies are ready to lease, giving a new owner an immediate opportunity to lift income.
The ten apartments continue to attract strong tenant demand, providing a reliable residential income stream alongside the commercial offering, with scope for rental growth over time.
With scale, immediate cashflow and income upside achievable through active management rather than capital spend, this is a rare opportunity to secure a significant investment in one of Tasman's fastest-growing communities.
For sale by buyer enquiry over $6,750,000 (+GST if any)
Viewing strictly by appointment - contact Brad Allam or Geoff Faulkner now to find out more.
*boundary lines are indicative | land and floor areas are approx. only
