Offers Over $795,000 Plus GST (if any)
Prime Nelson Location - invest, occupy or both
90 Achilles Avenue, Nelson
Bayleys Nelson
1 / 12
Unclaimed
16C Vanguard Street, Nelson
Nelson City
$650,000 Plus GST (if any)
- 168m²
- 168 m²
- Office
Your First Commercial Investment Done Right
Positioned on the established city fringe at 16C Vanguard Street, this fully leased commercial investment delivers diversified income from two complementary food industry tenants — with minimal landlord involvement required. The single-level building of approximately 168sqm comprises two separately fitted-out tenancies occupied by Gelato Roma and Moving Foods NZ Ltd, both operating in food manufacturing and distribution. Each tenant has invested significantly in their own fit-out, underpinning occupancy and reducing your capital outlay. Constructed circa 1980 and substantially upgraded in 2019 — including internal alterations and carpark improvements — the building carries a strong 90% NBS seismic rating. Five on-site car parks and Commercial Zone C zoning provide operational flexibility and support a broad range of future uses. The property sits within the tightly held Vanguard/St Vincent commercial precinct, within walking distance of the Nelson CBD and with direct arterial access to State Highway 6, the Port of Nelson, and Nelson Airport. Fully leased, well-rated, and genuinely low-maintenance — this is a clean entry into commercial property ownership with established income from day one.
For Sale $650,000.00 +gst (if any)
Rent estimate · 2 Nov 2026
$380 – $660/week
Most likely about $500 a week · Little evidence: a rough guide
How we worked this out
| Evidence | Points to | Counted |
|---|---|---|
| 1 rental advertised nearby each adjusted to this property’s bedrooms and value | $500 | 100% |
We read this property as an apartment. Rentals advertised nearby count most when they are close, recent and alike; the more of them there are, the less the area’s bond figures count. Bond figures are rents agreed in new tenancies, from Tenancy Services, placed within the area by how this property’s council valuation compares with similar homes there.
Rentals it leaned on
| Address | Beds | Asked | As this one | When | Away |
|---|---|---|---|---|---|
| 5A Rainier Streetrealestate.co.nz ↗ | 1 | $500 | $500 | Oct 2026 | 7.1 km |
These are computer-generated guides only, not a rental appraisal.
My notes
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Sign in for the free reportHome expense estimates
Estimates from the floor area and typical New Zealand prices, not quotes. Power, gas and internet details from the Electricity Authority and Gas Industry Co registries and Chorus.
Investor insights
16C Vanguard Street as a rental
Rent estimate$500/wk$380–$660 · Little evidence
Gross yield—$26,000 a year on no price
Net yield—After $4,600 of costs
Cash flow+$412/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $500 | ||
| Property manager | ||
| Rent, 52 weeks | $26,000 | |
| Empty between tenants 2 weeks | ||
| Property management 9.2% incl. GST | ||
| Maintenance 5% of rent | ||
| Council rates this year | ||
| Landlord insurance the building | ||
| Net income before interest | $21,400 | |
| Interest | — | |
| Cash flow before tax | +$21,400 | |
| Cash flow a week | +$412 | |
| Gross / net yield on the price | — | |
| Return on equity cash flow on the deposit, before tax | — | |
| Loses money above this interest rate, before tax | No loan | |
Type over any figure, add your own lines, or add a scenario to compare.
A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Property categoryUse not published
- CouncilNelson City
- Valuation #19760-60101-A
From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.
Title and land
Order a title record- Title numberNL10B/1194
- Title typeUnit Title
- Legal descriptionUnit C and Accessory Unit 3 Deposited Plan 16119
Registered instrumentsChecking the register… See the title summary →
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
Getting around
Another agency selling this property too, or is it for rent? Import that listing and it shows beside this one.
Building consents
We hold no building consents for this property yet. The council may hold records we have not seen.
Unclaimed
Nobody is tracking this property yet
If it is yours, claiming it puts the council record, the title and what it costs you to hold in one place — and lets you put your lending, insurance and power out to people who compete for them.
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We check your name against the registered owner on the title before a claim is accepted. Nothing on this page changes for anyone else, and no provider is contacted until you ask.
What claiming gets you
1One live recordCouncil valuation, title details and registered interests, kept current rather than gathered again every time you need them.
2Your lending in the pictureAdd what you owe, or connect the bank, and the equity and LVR stop being a calculation you redo by hand.
3Providers compete for itPut the mortgage, the insurance and the power out to people who want the business — on your terms, when you ask.
4Everything else you ownOne search finds other titles in your name and in companies you are a director of.
Zoning and hazards
What the council's published maps say about this land. A map is a model of a storm, not a record of one: a LIM or a flood report says more.
Reading the council's maps…
What could you build here?
See whether a granny flat fits beside the house: the Building Act exemption, the national granny flat rules and the zone’s own. Then ask builders to price the shape you pick.
About Nelson
Nelson City
1,364
Properties on the rating roll
1 Sep 2024
Last council revaluation
Counts describe the records we hold for this territorial authority, not a market forecast. OwnBetter has no estimate for this property. Every council figure on this page can be checked against the council's own record.
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