This is a superb passive investment opportunity in a rapidly developing South Island tourist destination.
This spectacular modern building was handcrafted in 2007 in a timeless style and durable construction. It is located on its own freehold title across the road from the sheltered and beautiful Waimea Estuary with spectacular mountain views across the water.
It is strategically positioned adjacent to the award winning Grand Mercure Resort and houses the resort’s only restaurant. The building’s classic architecture is in the same European style as the adjoining resort complex which exudes an aura of quality and authenticity.
This freehold property investment is offered FOR SALE with an ADLS commercial lease in place to the resort managers. The current 8 year term runs until 18th March 2026 with rights of renewal and final expiry on 17th March 2042.
The net annual rental is $95,000 plus GST with the tenant responsible for all of the outgoings. Both rental and capital growth are assured with Consumer Price Indexed rent reviews every second year.
In every sense this is a high quality trophy investment property, the value of which is underpinned by an established quality tenant with experience and substance. The ongoing transformation of Nelson as a resort town will further enhance the value of this property.
This very special property deserves serious consideration by discerning buyers and offers a very healthy 7% returning on asking price of $1,350,000.
Contact Ken today for more information.