Positioned directly opposite the picturesque Clive Square Gardens in the heart of Napier, this standalone commercial property offers an exceptional opportunity for investors, developers, and land bankers alike.
Occupying a generous 556m2 (approx) freehold site and zoned Fringe Commercial, the property supports a wide range of future development possibilities - including residential, commercial, mixed-use, or short-stay accommodation such as Airbnb. Whether you're looking to develop now or hold for future potential, this property is primed to deliver.
The existing single-storey, 130m2 (approx) weatherboard building is currently leased as a doctor's surgery, providing a secure holding income of $47,840 net per annum + GST until December 2025. The site also features generous rear car parking and has an Initial Seismic Assessment (ISA) of 34% NBS.
Key Features:
- Prime location opposite Clive Square Gardens
- 556m2 (approx) freehold land on Fringe Commercial zoning
- 130m2 (approx) standalone building with holding income
- Net income $47,840 + GST pa until December 2025
- Potential for residential, commercial, or Airbnb development
- Rear on-site car parking
- Land bank with future upside in a central Napier location
This is a rare chance to secure a centrally located site with income in place and a wide scope of future development potential. Properties like this, with such a versatile zoning and a prominent outlook, are seldom available.
Enquire today to explore the future of 23 Clive Square.
