NELSON HOTSPOT!

170 Rutherford Street, Nelson

Investment For Sale

Tender closing Wednesday 31 Oct 2018 at 4pm (unless sold prior by private treaty)     Tenanted Investment
Land Area: 5,180.00 m2.    Floor Area: 1,400.00 m2.    

Description

PRIME NELSON DEVELOPMENT SITE WITH INCOME

Rare opportunity to secure a substantial high profile site located on the edge of Nelson City's retail precinct.  With a 5180m² site and 1400m² of buildings, this flexible property will suit both developers and investors looking to secure high value land with stable income.

The longstanding tenant has five years to run until the next lease renewal.  The lease provides for the landlord to terminate at any time after 30th September 2021, allowing for possible redevelopment in three years or beyond. 

The 80 meter frontage gives excellent arterial road exposure.  A significant proportion of traffic flowing into and out of Nelson is effectively funnelled past this prominent site.

The usable site area is approximately 3800m².  Nelson's geographic and zoning constraints ensure sites such as this will always be keenly sought.

Nelson is booming and increasingly feels like the Otago-Queenstown phenomenon in its infancy.

Video URL Link - https://youtu.be/CWhh0Eox44s  

For Sale by Tender, closing 4pm Wednesday 31st October 2018.

Contact Ken Montgomery for more information.

Features

  • High profile 5180m² site
  • 80 meter major arterial frontage
  • CBD fringe
  • Provision for development
  • 12 individual titles
  • Longstanding tenant
  • Five year lease term

Transaction Details

19 Nov 2018

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