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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.