131 Bridge Street, Nelson, Nelson

Mixed use commercial investment opportunity

Prime freehold commercial site of 929sqm located in Nelson city's busy Bridge Street precinct with a mix of hospitality, accommodation and residential tenancies.
The ground floor consists of a large scale hospitality tenancy with a new 10 year lease from February 2020. The first floor comprises a well appointed backpackers, with rear access from New Street and two modern residential apartments fronting Bridge Street.
• Long term commercial leases
• One and two bedroom residential apartments
• Income potential circa $175,000 net pa when fully let
• NBS 67%
• Commercial land bank opportunity