Huge Income - Develop Further
1, Point Road, Monaco, Monaco, Nelson
- Proposed Usage
- Floor Area
- 1150.00 m²
- Land Area
- 10000.00 m²
- Property ID
Enquire about this property
This outstanding 1.3 hectare freehold Nelson property comes with its own replica English country pub and accommodation complex trading since 1995 as ‘The Honest Lawyer” and generating $291,000 annual rental (net of usual outgoings).
The established hospitality tenant occupies part of the property which is a private peninsula in the picturesque and sheltered Waimea Estuary. The property sits above year 2100 predicted flood levels.
The tip of the peninsula (very approximately 3500m2 effective) is potentially available for further development without impacting on the passing rental.
The Suburban Commercial zoning allows for either residential or commercial use, or it would be a great spot to build a magnificent private residence looking across the estuary to the spectacular Western Ranges while collecting the rental from the back yard. That would be the ultimate lifestyle block!
This is a truly unique opportunity that should be investigated.
Rateable Valuation Sept 2018 $4,430,000.
Contact Ken today for more information.