VALUE ADD INVESTMENT PROPERTY: MODERN BUILDING
15, Bridge Street, Nelson
Price On Application
- Proposed Usage
- Floor Area
- 2850.00 m²
- Land Area
- 2473.00 m²
- Property ID
Enquire about this property
This substantial inner city landmark property represents an excellent opportunity for strategic investors to add value.
It comprises a large inner city zoned site of 2473m² with 3 road frontages and 2 substantial buildings.
The main building has an approximate floor area of 2300m² over 2 floors and was built in the mid 1990’s whilst retaining the iconic historic facade. It consists of a variety of office style interior ranging from executive style office suite to open plan areas. The ground floor could convert to large format retail.
The second building houses the press hall and comprises some 540m² floor area of industrial type space.
The property is offered for sale by negotiation subject to a partial lease back to the current tenant, providing significant income to the purchaser while offering potential to increase revenue by fully tenanting the property. The inner city zoning allows for construction to 15 meters which could accommodate a four or five storey inner city apartment development on a portion of the site.
This is an opportunity that should be investigated.