Outstanding Strategic Investment Opportunity

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.

Contact Grant today for detailed information on this exceptional opportunity.