112 Collingwood Street, City Centre, Nelson

Panama House stands as an excellent freehold commercial property in the popular restaurant precinct of the city. Situated on a high-exposure corner site in Nelson's CBD it presents as a truly prime investment opportunity. The property is fully tenanted, featuring a well-established restaurant operator who has other premises around the country, and a local office tenant. Both tenants have established operations, ensuring consistent rental income.

Maintained to a high standard, the building requires no major maintenance and boasts a 100% NBS rating. It generates a net income of $80,000 per annum plus GST and outgoings, making it an attractive proposition for investors seeking a secure asset in a prime location.

• 410sqm floor area approximately

• 270sqm (more or less) site area

• Freehold commercial property on a dominant CBD corner site.

• 100% occupied by an established hospitality tenant and office tenants.

• Maintained to a high standard with unique period features.

• 100% NBS rating making for a solid investment.

For Sale $1,330,000 + GST (if any)

Call us today for more information or to arrange a viewing of this excellent commercial property.