130 Nile Street, Nelson, Nelson / Tasman

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A rare opportunity to secure a sound investment in one of Nelson's most sought-after central locations, set across two street addresses - 2 Harper Street and 130 Nile Street. This character home is configured as two, fully consented one-bedroom apartments. Currently fully tenanted, this is your opportunity to pick up an investment property and instantly generate income.

The flexible nature of the property makes it perfect for dual living options or potentially restoring back to a substantial family home. This highly desired central location also presents redevelopment or longer-term land banking investment opportunities.

The lower-level apartment includes a large bedroom and sunroom, along with a generous living area and kitchen. Recent updates include fresh paint and a new heat pump, making it comfortable and warm. The front garden adds charm and offers a pleasant space to relax or entertain.

The upper apartment is bright, private and sunny, with its own sunroom and recently updated, spacious bathroom. This apartment has access to the rear garden - well established with mature fruit trees and vegetable beds, creating a peaceful retreat in the heart of the city.

A single garage at the rear provides secure parking and extra storage - an excellent bonus in this central location. There are separate access and separate outdoor spaces, allowing privacy for the occupants of each unit.

The benefit of having two separate tenancies is the added security and peace of mind across the year, as landlords a less likely to be impacted by vacancies. This has been a sound investment for our owners over the past 10 years, and both tenants are keen to remain.

Close to schools, recreational activities and within walking distance to the CBD, 130 Nile Street presents an exceptional proposition - premium position, strong rental history, and flexible layout. A smart acquisition for the astute investor.