Positioned in the heart of Hastings, 418 Heretaunga Street West offers a rare opportunity to secure a multi-tenanted property with strong fundamentals and future upside. This well-located site features two 1960’s-era buildings on a generous 766m² freehold title, with a total building area of approximately 360m².
The property is currently configured into four separate tenancies, including a commercial kitchen, two retail spaces, and a rear office tenancy. All tenants are on rolling monthly agreements, providing flexibility for owner-occupiers or investors seeking to reposition or redevelop.
A private carpark and office at the rear and three tenancies fronting Heretaunga Street, the property benefits from excellent visibility and access.
This is an ideal prospect for developers, investors, or business owners looking to secure a strategic foothold in a growing CBD.
Features:
- Excellent location in Hastings CBD
- Significant upside potential
- Total floor area 360m2 (approx.)
- Building 1: 15% NBS (August 2021)
- Building 2: 30% NBS (August 2021)
- Multi tenanted
More information: https://www.colliers.co.nz/p-NZL67036908
