GBU Realty is proud to bring to the market this prominent corner site spread over two adjoining titles. Fully leased to three tenants the property is being offered as a combined package offering a substantial landholding which presents exceptional potential for investors, land-bankers, and those seeking scale in a prime position of the Nelson CBD.
79 Rutherford Street consists of 329m2 land which adjoins 83 Hardy Street, where there is a further 599m2 of land with a double storey building with 761.2m2 of net lettable area with two ground floor tenancies leased to Chokdee Limited and Illuminate Vape Limited plus a further tenancy on the first floor leased to English Language Partners
Key features:
- Strategic 928m2 corner site with future rental growth
- Passive diversified holding income of $115,770 per annum with combination of CPI and market rent reviews two yearly plus small vacancy providing future uplifts.
- Solid commercial investment in a great position on the high-profile corner of Rutherford Street and Hardy Street.
- Building providing a total net lettable area of 761.2m2 on a 928m2 CDB site.
- Future opportunity to add a residential apartment.
This combined site offers a unique chance to secure a significant footprint within the Nelson CBD. With increasing demand for mixed-use and higher-density development, this location is ideally positioned for future growth.
