Nelson, Nelson
Price by Negotiation
Four flats, three lock-up sheds, Freehold Title, high income potential. A rare opportunity to secure a versatile multi-unit block in central Nelson offering immediate income with big upside. Perfect for investors, renovators, or owner-operators seeking strong yield and long-term capital growth. Property snapshot: • Land & Buildings: Freehold title with four self-contained flats Tenancies: • Two top-floor units currently run as a boarding house ($1,100 p/w) • One refurbished lower flat ($550 p/w) • One lower flat needing light work ($550 p/w potential) • Additional Income: Three secure sheds (one double and two singles) – ~$250 p/w potential • Projected Gross Income: $2,450 p/w = $127,000 p.a. when fully tenanted Investment highlights: • Strong rental demand in central Nelson • Multiple dwellings on one freehold title • Renovations already underway – heavy lifting done • Dual income streams (residential and storage) • Low-maintenance construction • Option to upgrade further or redevelop (STCA) Location: • Quiet, established street close to Nelson CBD, schools, hospital and transport. Excellent long-term growth fundamentals in a tightening rental market. The upside: • Finish the remaining light work and unlock around $125,000 annual income from this high-yield, multi-stream property. A solid, value-add investment in one of Nelson’s most promising growth areas. Financials, floor plan and inspection reports available on request. Contact Paul today.
