GBU Realty is pleased to present a rare and strategic opportunity to acquire a substantial commercial medical centre with future development possibilities.

132 Collingwood Street is positioned on the high profile corner of Collingwood Street and Selwyn Place. This modern building is offered to the market with 100% occupancy of longstanding quality tenants including medical specialists, a pharmacy, and a popular cafe.

Key Highlights

• A single storey modern destination medical centre with future development possibilities.
• Modernized and internally and externally upgraded in 2008.
• Situated on a prominent corner site within the Nelson Central Business District.
• Net annual rental $455,479.
• Total net lettable area of (approx.) 1727.8 m2.
• Large land area 2524 of m2.
• Seven existing lease agreements to longstanding tenants providing strong income diversification.
• Detailed seismic assessment (April 2025) of approximately 100% NBS.

132 Collingwood Street is being offered to the market alongside 337-339, 341-343 and 349-355 Lower Queen Street Richmond. The properties can be acquired individually or as a portfolio, making this a unique opportunity for a family trust, property syndicate or forward thinking investors.

Contact Grant today for detailed information on this exceptional opportunity.