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JLL Hotels and Hospitality present to the market an irreplaceable, Nelson investment opportunity, 1 Point Road. The property is underpinned by a long-term lease to The Honest Lawyer, one of the Nelson region’s most established hospitality and accommodation venues, originally opened in 1995.
The main English-style building sits perfectly within the stunning landscaped gardens and outdoor dining & function areas and positioned adjacent to the Tasman Bay right on the Monaco Peninsula waterfront. The property is within easy reach of Nelson CBD, Airport and Port, as well as a wide selection of world-class scenic attractions and recreational activities.
The Honest Lawyer is run by an experienced local family who are hardworking and dedicated to the business and the ongoing legacy being created. Their dedication was testament to the business surviving during covid years and bouncing back in the years following with strong performances. The tenant, who occupies the entire property, has four (4) years to run on the current term and recently negotiated further rights of renewal to extend their tenure.
Key Highlights:
• Significant 1.3ha waterfront landholding
• Long-term net lease to the renowned Honest Lawyer
• Regular market reviews
• Net annual income of $300,000 + GST p.a
• Outgoings recovered from the tenant
For sale by price by negotiation.