Commercial
More from realestate.co.nz:
Agents News

Health sector tenant; $102,000 net income

816 Karamu Road North, Mayfair

Investment Opportunities
dollar

Deadline Sale

Floor area
695m2
Land area
1319m2
Title type
Freehold
On this page:

Deadline sale

Thursday
3:00pm
18
Dec

Map

Property details

Listing # 2803227 | Listed on 28 November
  • New 6-year lease from August 2025
  • $102,000 plus GST and outgoings with annual 3% fixed rental growth
  • Exceptional location and zoning
  • Quality asset on 1,319sqm (more or less) freehold site

A perfect first commercial investment or one to add to the portfolio. Exceptionally well presented is this rear warehouse unit with concrete yard attractively located on the fringe of the Hastings CBD and the popular Karamu Road arterial link.

A very strong health-sector tenant covenant with a new 6-year lease locked in from 1 August 2025 starting at $102,000 plus GST and outgoings with two renewals of a further seven years (combined) will make this a popular option. Annual 3% rental increases, a quality asset, and the extensive tenant fitout further secures your investment at this tightly held location.

A straight-forward decision awaits you here. Contact us now to arrange your private viewing or for further information.

Your notes
Add notes for your personal reference. This can only be seen by you.
Contact the agent
Name  (required)
Email  (required)
Phone  (required)
I'd like to enquire about:
Your message
A young family with pets illustration