Prominent CBD opportunity

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.
• Possible business opportunity available.

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.