Light industrial remains one of New Zealand’s most sought-after property sectors, underpinned by strong occupier demand, stable tenants, and relative resilience through changing economic conditions.
Positioned on Forests Road within Nelson’s tightly held Quarantine Industrial precinct, this property benefits from excellent connectivity, with immediate access to key arterial routes and Nelson Airport.
Its strategic location provides efficient access to both Nelson and Richmond, placing occupiers at the heart of a regional market of approximately 75,000 people and making it an ideal base for businesses servicing the wider area.
The modern, fully compliant building is fully leased to two established businesses, delivering diversified income and reducing reliance on any single tenant.
With no known deferred maintenance, the asset offers a low-maintenance investment proposition with limited anticipated capital expenditure.
A change in direction for the vendor has brought this opportunity to market earlier than expected. Properties of this calibre are rarely available in this location, and investors are encouraged to act promptly.
Investments Highlights:
- 430 sqm building area on 530 sqm land (more or less)
- Market-level rents with rental growth potential
- Fully leased, multi-tenanted investment
- Prime Quarantine Industrial precinct
- Yield 6%
For sale at asking price $1,150,000.00 (+GST if any).
Viewing strictly by appointment - contact Geoff Faulkner or Brad Allam now to find out more.
*boundary lines, land and floor areas are approx. only
More information: https://www.colliers.co.nz/p-NZL67042159
