LOW COST, HIGH YIELD COMMERCIAL INVESTMENT

530, Main Road Stoke (Unit F), Stoke, Nelson

$99,000

Proposed Usage
Office
Floor Area
28.00 m²
Description:
Property ID
1c3tw2j



Nelson is a boom town.  Stoke is a major suburb and expected to be home to three quarters of Nelson's population over the next 30 years with people aged 65 years and older making up a majority of residents.  This creates a growing service business and specialists retailers market which in turn creates opportunity for commercial investors.

Unit F is located inside Stoke Mall which occupies a prime corner site on Main Road Stoke and Songer Street.  Adjacent key retailers include New World Supermarket, Stoke Pharmacy, Stoke Library along with professional service providers plus excellent car parking.  Countdown supermarket is located close by and the new Greenmeadows Centre is located on the adjacent corner, which is a hub for sporting activities and a community centre.

The unit has a new lease of 2 years plus two rights of renewal of 2 years to a professional health provider at market rent of $7,200 plus GST per annum, plus outgoings providing a comfortable 7.2% yield at the asking price of $99,000 (plus GST if any).

The owner is moving onto a new projects which has created a real opportunity to secure this low cost, high yield commercial property. 

Contact Debbie today for more information.

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Stoke Area