Welcome to 218 Trafalgar Street, Nelson - an exceptional commercial property located in one of the most sought-after locations in the Nelson CBD. Situated alongside the laneway between Trafalgar Street and Montgomery Square car park, this property is perfectly positioned for success.
This four-level building offers a mix of retail, office, and accommodation spaces, making it an excellent investment opportunity for those seeking a versatile property with multiple revenue streams. The former Mid City Motel has now been vacated, presenting an ideal chance for refurbishment and reconfiguration of the accommodation space, enabling it to be occupied for a similar purpose or potentially transformed into an entirely new concept.
The rooftop features expansive views of Nelson and the marina and boasts a managers' accommodation that can provide comfortable living quarters for those overseeing the property. With an unbeatable location, ample amenities, and fantastic views, this property is sure to capture the attention of investors looking for a commercial space with significant potential.
Don't miss out on this rare opportunity to secure a prime commercial property in one of the most central locations in the Nelson CBD.
• One of Nelson's most central city buildings spanning four levels plus rooftop
• Ten tenancies in total including retail, office and motel accommodation
• Existing rental income of $149,912 net per annum
• Vacant "Mid-city Motel" consists of 15 rooms, manager's accommodation and reception
• Re-purpose or refurbish and achieve significant rental income uplift
For Sale - Price by Negotiation