16-18 Gladstone Road, Richmond, Tasman, Nelson / Tasman

GBU Realty Limited is proud to bring to the market 16-18 Gladstone Road, Richmond.

Positioned on the main state highway south, 16-18 Gladstone Road offers any potential purchaser the combination of stable holding income through a lease to a National Tenant and the genuine rental upside of additional building space for instant future rental growth. The property comprises 1,876 sq/m (more or less) of prime freehold commercial land with a solid brick & timber building of 600 sq/m (more or less). With large frontage and the building being located at the front of the site to take full advantage of the main state highway profile and signage opportunities. A key attraction for any savvy investors is the sites high profile frontage onto Gladstone Road and a lease in place to a National Tenant in Norwood, a leading agricultural & construction machinery sales & servicing business with 19 branches nationwide. The property is leased to CB Norwood Distributors Limited on a four (4) year lease from 1 December 2025 at a rental of $120,000 pa + GST & Outgoings. The tenant has a further one right of renewal for four (4) years from 1 December 2029, with a final expiry of 30 November 2033 if renewal is exercised. Richmond commercial assets of this scale and configuration with upside are increasing scarce. This is a golden opportunity to secure a high-profile property with a national tenant in place in Richmond's most recognized commercial location.

For Sale by Deadline Private Treaty (unless sold prior) by 4pm Friday 8th of May 2026. Enquire today for the full Information memorandum or to arrange a private viewing.