112 Collingwood Street, City Centre, Nelson

112 Collingwood Street, City Centre, Nelson Nelson City Commercial Investment

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.