NELSON HERITAGE | CASHFLOW INVESTMENT

319 Hardy Street, Nelson

Investment / Office For Sale

For Sale    Tenanted Investment
Land Area: 972.00 m2.    Floor Area: 698.00 m2.    
Sale Price: $1,610,000.

Description

The SCHOOLHOUSE is one of Nelsons iconic heritage buildings.   The property comprises a 972m² land area with  approximately 698m² of commercial office and education buildings.  The improvements were constructed originally in 1860, the street frontage portion of the building has a “Group A Heritage Listing”.  In addition to the early development, additions to the buildings were completed at various times from the 1940’s through to the 1970’s.

As a single level timber building on pile footings, the building has a resilient structure and a high NBS rating of 70% at IEP measure.  From an investment perspective, this building has provided a consistent cash flow.

Nelson is home to numerous professionals, contractors and consultants and there is a constant demand for private small work spaces for these busy people who work across New Zealand.

We understand the building is the second oldest purpose built school in New Zealand and was originally known as “The Hardy Street Girls and Infant School”. The central heating system and period interior creates a warm and welcoming premises that has always been sought after by occupants.

Neighbouring properties include the Nelson Marlborough Institute of Technology, The Munroe buildings which houses Department of Conservation and Police, the Nelson Courthouse and Police station.   This area is well suited for any business with a legal, medical, social well being or educational perspective.

The land lies with the park to the North / East, and is well proportioned for development.

Contact Geoff today for more information.  Click to view ebook

Features

  • The SCHOOL HOUSE is one of Nelson's iconic heritage buildings
  • Single level timber building on pile footings
  • Resilient structure and a high NBS rating of 70%
  • Multi tenanted with a consistent cashflow
  • Attractively presented building
  • Very distinctive in its location
  • Well suited for any business

Map

Open in a new window

Contact the broker

Share This Property
For further details, contact:
Close

Saved Properties

Remove All
You have no saved properties. Click the 'save' button associated with a property listing to see it displayed here.
Close