Positioned in Nelson's established industrial precinct, 106 Vanguard Street offers a freehold site of approximately 417 sqm, with a functional light industrial building of approximately 148 sqm. The building includes approximately 28 sqm of office and amenities, 65 sqm of workshop space, and 55 sqm of food processing area, plus sealed yard areas, secure rear-yard access, a storage container, and on-site parking.
For investors, the hard work has already been done. The property is leased to Yum Inc. Limited on a 3-year term from 1 August 2024, with one further 3-year right of renewal. The current rental is $35,844 per annum plus outgoings, with fixed annual increases of 3%, providing built-in growth from the outset.
The property is zoned NCC Inner City - Fringe and is located in a well-established commercial and industrial area close to Nelson's city fringe. The building is tidy and well-maintained, with upgraded office and amenities and modernised processing areas, making this an attractive, manageable investment for seasoned buyers and first-time commercial investors alike.
If you have been waiting for an entry-level commercial investment with income in place and genuine appeal, this is one you should consider seriously. The seller is serious and committed to a sale, and all buyers are encouraged to act.
To view more information and download the property files, head to our Ray White listing here: https://rwrichmond.co.nz/RCH31262
Auction:
12pm, Tuesday 28 April 2026 (unless sold prior)
1 Estuary Place, Richmond
