Positioned in a high-profile location in the heart of Hastings, 201-203 Eastbourne Street West presents an outstanding commercial investment opportunity with the security of a brand new long-term lease to an established tenant.
Home to The Tile Shed, the property is leased on a new five-year term commencing 1 April 2026, returning a net rental of $145,000 per annum plus outgoings and GST. This provides investors with immediate income certainty backed by a quality showroom operation.
The property itself is beautifully presented, featuring an impressive showroom environment designed to showcase premium tile products. The modern fit-out and strong street appeal create a highly attractive retail and trade destination, while the generous onsite parking further enhances tenant and customer convenience.
Key features include:
- Brand new 5-year lease from 1 April 2026
- Returning $145,000 net per annum + outgoings + GST
- Well-presented showroom premises
- Established tenant - The Tile Shed
- 10 onsite carparks
- High-profile Hastings location
- Quality investment with strong tenant covenant
Opportunities to secure well-leased showroom investments with modern presentation and strong income streams are increasingly hard to find. This is a compelling addition to any commercial property portfolio.
Deadline Sale closes 4.00pm Wednesday 3 June 2026, Harcourts, 308 Hastings Street, Napier (unless sold prior)
For further details or for an inspection please contact the listing agent Shannon Caldwell.
