Positioned prominently on Collingwood Street on the eastern side of the Nelson CBD ring road, this modern, well-constructed commercial asset occupies an 843sqm (approx.) Commercial Zone A site and offers a rare opportunity to secure a quality building in a tightly held location.
Occupying a high-profile corner site with frontage to both Collingwood & New Street and surrounded by other popular hospitality haunts, the property sits just 300m from Trafalgar Street’s prime retail strip and within easy walking distance of the city’s core hospitality precinct spanning Bridge, Hardy and New Streets.
Originally developed as a light industrial building and successfully converted to hospitality, the premises feature a modern, high-quality fit-out. Key infrastructure including kitchen and bathroom facilities has been executed to an excellent standard, supporting the established tenant business in occupation.
The property is leased on solid terms, with rental considered below current market levels – presenting clear scope for future growth as the market strengthens. A secure Gaming Lounge component underpins the tenant’s business, with limited opportunity for competing venues to expand capacity.
High-quality investments in this value range within the Nelson CBD are rarely available. Modern buildings with strong leases, stable income and long-term upside are typically tightly held. A change in vendor direction now creates an exceptional opportunity to acquire a premium corner holding.
Offered for sale at asking price of $1,450,000 (+GST if any).
Contact Geoff or Brad today for an exclusive viewing.
*land and floor areas are approximate only
