Positioned in the heart of Nelson's CBD within the bustling Wakatu Square and easy walking distance to Trafalgar Street, this strategically located asset offers an exceptional investment opportunity.
This modern architecturally designed building has diversification with three tenants, two being large format retail boasting wide full glazed frontages onto Achilles Avenue, and an office tenant on the first level accessed from the laneway running along the easter side of the building. Wakatu Square has recently undergone great revitalization with new anchors brought to the area such as PB Tech, Connings Pop -Up, and The Inland Revenue.
60 Achilles Avenue is a compelling investment opportunity underpinned in a desirable location offering strong income and lease terms.
KEY FEATURES:
• Prime position within Nelson's CBD
• Leased to 3 quality tenants- TEEG (Timezone), SaveMore NZ Limited and Commarc Consulting Limited.
• Attractive modern architecturally designed building
• Total net lettable area- 1350m2
• Modern construction providing low maintenance
• WALE of over 4 years
• Building future proofed allowing for strata titling if required
• Diversified holding income of $309,358 per annum with a combination of fixed and market rent reviews two yearly providing rental upside
Contact the sole agent now for further information.
