This Hastings CBD property presents a rare opportunity to secure a tenanted investment in a prime central location, providing holding income through to 31 March 2026. 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, with the current lease expiring 31 March 2026. 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, has been repainted, and benefits from an NBS rating of 67%+. Offering immediate holding income with future flexibility and upside, 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