Colliers is proud to offer 106 Rutherford Street for sale to the market, for the first time in quarter of a century.
Positioned on the prominent corner of Rutherford and Hardy Street, the Z Service Station and Hyundai car showroom is a landmark 2,829 sqm site offering double frontage to the Nelson CBD ring road and Hardy Street.
The property provides 1,180 sqm net lettable building area underpinning a diversified income from Z Rutherford and Cockram Hyundai.
As a freehold site set over four land titles, the asset has significant traffic exposure in one of the city’s most tightly held precincts.
This expansive site is 100% leased to Z Energy and Cockram Hyundai. Generating a current net passing income of $433,460 (+GST and outgoings). The leases allow for rental growth as Nelson continues to expand in this direction and grow as a city.
Investment Highlights:
- 2,829 sqm Freehold site
- 1,180 sqm Buildings
- 100% Occupancy
- Net lease returns: $433,460
- Motor vehicle showroom, display yard and workshop
- Proven service station
- Dual frontage
106 Rutherford Street represent a compelling combination of secure established cashflow, strong leases, scale and strategic land value in one of Nelson’s most resilient growth corridors.
For sale at asking price of $6.5m +GST (if any)
Viewing strictly by appointment - contact Geoff or Brad now to visit this exclusive investment opportunity.
*land and floor areas are approx. only
More information: https://www.colliers.co.nz/p-NZL67041042
