Freehold on Nelson's main retail street, fully leased and returning approximately $149,500 plus GST net per annum from four tenancies.
The site holds two connected buildings: a 1929 character building (Heritage New Zealand Category 2) facing Trafalgar Street, and a 1985 building facing Montgomery Square. Together they provide approximately 534sqm across four separately tenanted spaces on a 291sqm freehold title, with rear access to Montgomery Square, the city centre's largest public car park.
The tenants are established local operators across hospitality, retail, wellness and a community organisation, giving the income a spread across more than one sector. All four are on net leases.
The current owners have held the property since 2016 and have invested in it steadily. That work includes a full interior renovation of one tenancy, a complete refit of the shared toilets, and new double-glazed joinery, kitchens and heat pumps across the tenancies. Facade and verandah works followed, and the roof was treated, coated and repainted in 2025 and 2026. Fibre is installed throughout.
Zoned Commercial Zone A, the property sits midway along the main shopping and hospitality strip, alongside national and local retailers, banks and cafes.
Asking price $2,330,000 plus GST (if any). Leases and supporting documents are available on signing a confidentiality agreement.
Contact Gill or Seb to request more information or to arrange a viewing.
