Positioned in the very heart of Nelson’s CBD, 121 Trafalgar Street presents a rare opportunity to secure a character-filled, multi-level freehold investment with established income and future value-add potential.

This three-story property combines ground floor retail with upper-level office and residential accommodation, delivering diversified income streams and flexibility for investors, add-value buyers, or partial owner-occupiers. The building generates a total net rental of approximately $203,413.00 per annum, underpinned by a mix of tenancies.

Constructed in the 1920s with a later rear addition, the property blends heritage character with practical functionality. Importantly, the building has been seismically strengthened to 67% NBS, providing confidence for purchasers.

Located within Nelson’s tightly held inner-city commercial precinct, the property benefits from strong foot traffic, proximity to key amenities, and ongoing CBD revitalisation. There is clear potential to enhance returns through rental growth, refurbishment of upper-level accommodation, or further optimisation of the building’s layout by adding to the roof space.

This is a compelling opportunity to acquire a well-located CBD asset with immediate income, underlying land value, and genuine upside.