IN THE ZONE - IN BOOMING NELSON
279-281, Hardy Street, City Centre, Nelson
Price On Application
- Proposed Usage
- Floor Area
- 700.00 m²
- Land Area
- 349.00 m²
- Property ID
Enquire about this property
This is an excellent opportunity for professional firms to become owner occupiers subsidised by the ground floor rental. Or for investors to purchase this centrally located property with a bank deposit like net yield until fully leased.
Once fully occupied this property will generate a very healthy return for inner city Nelson. It represents a strategic medium term hold due to its sought after inner city centre zoning which allows development to 15 meters height (4 to 5 storeys) ensuring it will be a sought after location in years to come.
The two excellent ground floor tenants have again renewed their leases through to 2020, after some 20 years each in the building. The first floor of this solid and versatile 700m2 building is currently vacant, having been a solicitors’ suite of offices until recently. This 312m² premises comprises some twelve good sized professional offices and meeting rooms, plus large reception, sunny lunchroom, storage areas and private amenities. The internal partitioning allows easy reconfiguration into open plan or perhaps two or more tenancies.
This property offers good income generating potential for many years, allowing purchasers to secure and hold this inner city location until the developers come begging.
Talk to Ken or Geoff to see if the numbers work for you.
Expressions of interest invited.