This is a rare opportunity to secure a hands-off, income-producing investment in Nelson’s thriving commercial market.
The property comprises two tenancies on the first floor within a modern strata title office building, fully leased to a well-established government agency. With a net annual income of $88,792.00, regular rent reviews, and strong tenant covenant, this investment provides both security and short-term rental upside.
Completed in 2005, the building is immaculately maintained and benefits from a 117% NBS rating, ensuring long-term resilience. The property also offers eight on-site car parks, a highly sought-after feature in this city fringe location.
Situated within walking distance to the CBD, cafes, parking, and supermarkets, the office space is perfectly positioned for both tenant and client convenience.
Key Features:
- 330sqm total floor space
- 296sqm of office space
- 34sqm of common area
- 100% occupied by a government tenant
- Solid income stream with growth potential
- Eight off-street car parks
- The building has recently benefited from a new roof and exterior paint
- All windows have been replaced with double-glazed tinted glass
- All cladding has been replaced
- Desired and convenient city fringe location
An attractive commercial office investment offering stability, security, and strong demand fundamentals.
Call Dennis Christian today to discuss this opportunity.