Multi-tenant development planned for SBL site

The Nelson SBL Holdings site in Richmond has been sold to an out-of-town developer who plans to create a multi-tenancy complex.

Paul Vining from Ray White says the 6,162sqm site that sits on the corner of State Highway 6 and McGlashen Ave will have multiple commercial tenants when it is redeveloped, which will be “great for the region and great for that site”.

He says the new owner is working through the early planning stages of the development and will take possession of the site in July.

The site was owned by Nelson SBL Holdings Limited for decades and served as the regional bus service hub.

The company moved its bus depot to Estuary Place in Richmond a couple of years ago.