This Hastings CBD property presents a rare opportunity to secure a tenanted investment in a prime central location. Bordering both the office and retail precincts, the building enjoys excellent positioning amongst well-known national retailers including Cotton On, Paper Plus, Just Jeans, Spark, One, and the nearby central mall, which is currently undergoing a street-scape upgrade. Its profile and proximity to key amenities make it an attractive proposition for investors seeking a foothold in the CBD.
The ground floor tenancy is leased to Best Travel, returning $34,143.36 net per annum plus GST. The first-floor office is currently vacant, presenting an opportunity for an owner-occupier seeking their own premises or an investor looking to add further income. With the appropriate consents, the first floor also offers potential for apartment living, enhancing the property’s versatility and upside.
The building has been well maintained with recent upgrades to both bathrooms and the building repainted and a NBS rating of 67%+. Offering a solid return with upside potential, this is a superb entry-level commercial investment in the heart of the Hastings CBD.
Contact Danny Blair to arrange a time to view or for further information.
Features:
- Well-Maintained Building
- Prime Hastings CBD location
- 67%+ NBS
More information: https://www.colliers.co.nz/p-NZL67037687
