GBU Realty is proud to offer this unique chance to purchase a significant landholding across four continuous sites in one of New Zealand's fastest growing regions.
Situated on Lower Queen Street these freehold properties represent a compelling opportunity for investors seeking to secure a large and diversified asset.
337-339, 341-343 and 349-355 Lower Queen Street Richmond are being offered to the market alongside 132 Collingwood Street, Nelson. These properties can be acquired individually or as a portfolio, offering a unique opportunity ideal for investment funds, property syndicates, family trusts, or forward thinking investors.
Key Highlights of the properties-
349-355 Lower Queen Street-
- A contemporary style two storey medical and ancillary building.
- Modern high quality building designed by Design Base Architects. Completed in 2011.
- Strong tenant covenants.
- Excellent onsite car parking with exposure to a high volume of passing traffic.
- Net annual rental $686,997 per annum
- Total net lettable area of (approx.) 2498 m2.
- Large land area of 3828 m2 across two titles.
- 10 existing leases in place providing strong tenancy diversification.
- 100% occupied
- Detailed seismic assessment (July 2024) of 70% NBS.
341-343 Lower Queen Street-
- Optimal site development.
- High profile location with good exposure to a high volume of passing vehicle traffic.
- Excellent on-site car parking.
- Modern building design completed in 2022.
- Adjoining large destination medical centre.
- Long lease terms remaining with a WALE of 7.36 years.
- Large freehold land area of 2016 m2 across three titles.
- Net Income $351,675
- Solid Investment in growth market
- Total net lettable area of 2240m2 (approx.)
337-339 Lower Queen Street-
- Large strategic development site.
- High profile location with good exposure to a high volume of passing vehicle traffic.
- Located alongside strategic medical facilities providing future expansion options.
- Large freehold land area of 2024 m2 across two titles.
- 4 separate residential dwellings with holding rental income.
- Solid Investment in growth market.
For Sale by Deadline Private Treaty closing 15 August at 4pm
Contact Grant today for detailed information on this exceptional opportunity.
