Discover an exceptional investment opportunity in the heart of Nelson's CBD. Perfectly positioned along the vibrant laneway connecting Trafalgar Street and Montgomery Square car park, 218 Trafalgar Street offers unmatched visibility and accessibility - key ingredients for commercial success.
This four-level property is a versatile powerhouse, combining retail, office, and accommodation spaces to create multiple income streams. The vacant "Mid City Motel" provides an exciting chance for developers or investors to reimagine the accommodation sector, with options to refurbish, reconfigure, or transform the space into a new concept entirely.
The rooftop, offering stunning views over Nelson includes a manager's accommodation - a perfect solution for onsite management or an additional income opportunity. With its prime location, diverse income potential, and scenic vistas, this property is a rare find for savvy investors and developers seeking both stability and growth.
Key Features:
• Highly sought-after CBD location spanning four levels plus rooftop
• 10 tenancies, including retail, office, and accommodation spaces
• Existing net rental income of $169,548 per annum
• Vacant "Mid-City Motel" featuring 15 rooms, manager's accommodation, and reception
• Ideal for repurposing or refurbishment to unlock significant rental income growth
For Sale - $2,500,000 plus GST (if any)