121 Trafalgar Street, Nelson, Nelson / Tasman

Occupying a prominent position in the heart of Nelson’s CBD, 121 Trafalgar Street offers investors the opportunity to secure a substantial freehold property with diversified income, heritage character and genuine future potential.

The three-level building provides a mix of ground-floor retail, upper-level commercial accommodation and residential use, generating a total net rental of approximately $203,413 per annum. The varied tenancy profile reduces reliance on a single income source and provides flexibility for investors, developers or owner-occupiers seeking a strategic central-city holding.

Originally constructed in the 1920s, with a later addition to the rear, the property retains strong character while continuing to perform as a practical income-producing asset. It has also been seismically strengthened to 67% NBS, an important consideration for purchasers assessing long-term ownership and funding.

The property’s scale, configuration and central location create several potential avenues to enhance value. These may include rental growth, refurbishment or repositioning of the upper floors, improved utilisation of the existing accommodation and investigation of further development within the roof area, subject to the necessary approvals.

Located on Trafalgar Street, close to Nelson’s retail, hospitality, professional and civic amenities, the property provides immediate holding income together with the opportunity to actively improve performance over time.

121 Trafalgar Street is a substantial and versatile CBD investment offering established income today and multiple options for tomorrow.