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Bayleys Nelson (Vining Realty Group LTD) MREINZ, (Licensed: REAA 2008)

112 Collingwood Street, City Centre

Asking price $1,330,000

Listing Description

Listed: Fri, 19 Jul

100% tenanted Commercial Investment

112 Collingwood Street, City Centre, Nelson, Nelson / Tasman

Asking price $1,330,000

Details

  •   270m² Land
AttributeValue
Property use
Development site
Agency reference
4005254

Description

Panama House stands as an excellent freehold commercial property in the popular restaurant precinct of the city. Situated on a high-exposure corner site in Nelson's CBD it presents as a truly prime investment opportunity. The property is fully tenanted, featuring a well-established restaurant operator who has other premises around the country, and a local office tenant. Both tenants have established operations, ensuring consistent rental income.

Maintained to a high standard, the building requires no major maintenance and boasts a 100% NBS rating. It generates a net income of $80,000 per annum plus GST and outgoings, making it an attractive proposition for investors seeking a secure asset in a prime location.

  • 410sqm floor area approximately
  • 270sqm (more or less) site area
  • Freehold commercial property on a dominant CBD corner site.
  • 100% occupied by an established hospitality tenant and office tenants.
  • Maintained to a high standard with unique period features.
  • 100% NBS rating making for a solid investment.

For Sale $1,330,000 + GST (if any)

Call us today for more information or to arrange a viewing of this excellent commercial property.


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Bayleys Nelson (Vining Realty Group LTD) MREINZ, (Licensed: REAA 2008)

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