


Listing Description
Inner-City Gem With Excellent Returns
2B South Street, Nelson, Nelson / Tasman
Enquiries over $925,000
Details
| Attribute | Value |
|---|---|
| Property type | Apartment |
| Capital value (CV) | $760,000 |
| Parking | Single garaga |
| Agency reference | RCH31163 |
| Broadband in the area |
Description
Fall in love with Nelson's most iconic address. This beautifully presented 2-bedroom, 2-bathroom apartment (1990s build) blends character styling with modern practicality in a prime inner-city location-steps to cafés, boutique shopping and the cultural hub. A rare chance to secure a true lock-and-leave with lifestyle appeal and credible short-stay/long-term rental potential.
Income potential: owner-advised historical returns of $60,000 p.a. from short-term letting. This has been capped for tax reasons. Occupancy rate to achieve that approx 72% . Existing pin pads and lockboxes streamline hosting. (Figures are vendor-advised)
What you'll like:
- 2 bed / 2 bath layout with ample storage and a single garage
- Separate Rimu kitchen; open-plan living/dining flowing through French doors to a covered verandah
- Elevated outlooks to Nelson Cathedral and the Grampians Reserve
- Walk-everywhere address for dining, shopping and events - the essence of city living
Who it suits:
- Investors: proven short-stay performer; attractive inner-city rental proposition
- Holiday-home buyers: lock-and-leave convenience in a blue-chip location
- Downsizers: effortless single-level living with garage and easy access to amenities
Don't miss your chance to experience the charm and convenience of South Street living. Contact us today to arrange a viewing and prepare to be wowed!
Open home times
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