Strategically located on the edge of Wakatu Square with dual access to Rutherford and Trafalgar Streets, 50 Achilles Avenue sits at the heart of Nelson’s vibrant commercial precinct. This high-profile, modern retail property offers outstanding visibility, foot traffic, and customer convenience, including one hours free parking at the doorstep.
The 2,081 sqm freehold building comprises two well-proportioned tenancies, one of which is securely leased to long-standing national retailer Kathmandu. The second tenancy, formerly home to Hunting & Fishing, is vacant, offering immediate potential for owner-occupiers or investors to unlock additional income.
Constructed in 2000 from concrete tilt-slab panels, the property is low-maintenance and features wide frontage, prominent signage, and flexible large-format retail layouts. Situated in a proven retail destination surrounded by top-performing national and local brands, this asset is ideal for investors seeking reliable income or retailers ready to establish a flagship CBD presence.
Key Features:
- Land Area: 2,024 sqm
- Building Area: 2,081 sqm (2 levels incl. mezzanine)
- Zoning: Commercial/Retail
- Title: Freehold (Lot 2 DP 420299)
- Potential Fully Leased Income: $517,224 p.a. net
- Tenant: Kathmandu | Vacant
- NBS: Assumed A Grade
Opportunities of this scale, profile and versatility are rare in Nelson’s CBD.
For Sale by Deadline Private Treaty, closing Thursday 30 October at 3pm (unless sold prior).
Viewing is strictly by appointment only. Enquire now for further information.
*Land and floor areas are approx. only
More information: https://www.colliers.co.nz/p-NZL67036374
