FEATURED SALE PROPERTIES
45 COLLINGWOOD STREET, NELSON
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Prime location residential redevelopment
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Strong holding income spread across 6 motel units a riverside apartment, Maitai suite and managers accommodation.
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Strategic land holding on a high profile 1,146m2 corner site located on the fringe of the Nelson CBD with wide frontage to Riverside.
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Long standing freehold going concern providing solid income base.
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Prime location for high density residential redevelopment.
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Potential to subdivide and sell Riverside apartment independently.
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Golden opportunity for a smart investor to secure a prime investment in a tightly held market in Nelson with future redevelopment options.
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Owner occupier opportunity with multiple income options.
Walkthrough of the property:
219 - 221 QUEEN STREET, RICHMOND
Bottom drawer 'bankable' Investment
GBU Realty is pleased to provide investors with a rare opportunity to secure two trophy buildings in arguably one of the best locations in the Richmond CBD.
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219 and 221 Queen Street are modern attractive buildings in a prime position in Richmond, on the sunny side of the street, opposite the Richmond Mall, and close to large tenants such as Kmart, The Warehouse and Pak n Save.
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The buildings, with a combined net lettable area of 515.4 sqm and a high NBS rating, are well maintained and well positioned with access from both Queen Street and the Warwick Carpark, and sit on a combined generous site of 706 sqm.
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The property is being offered with three tenants in place, offering a net income of $183,349 and a combined WALT of 4.37 years. The tenants- ASB Bank Limited, Tonic Hairculture Limited, and Vape Merchant Limited provide leases which enable steady growth in rentals through regular market rent reviews and annual fixed uplifts.
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The tenants have a long history with the property with ASB in particular being in occupation for over 32 years.
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For further information please contact the sole agent Grant Unsworth who has been appointed to market the freehold land and buildings for sale by Private Treaty with a deadline sale date of 15 November 2024 (unless sold prior).
Walkthrough of the property: