Well-located multi-tenanted retail investment positioned in the heart of Napier’s CBD within the city’s prime retail precinct. Surrounded by established national retailers including Michael Hill Jeweller and complementary service businesses such as The Cosmetic Clinic, while neighbouring the award-winning Market Street Bar & Eatery, this location enjoys strong pedestrian activity and consistent customer flow.
The property comprises two separate retail tenancies, including a 27.42m² premises leased to Upmarket Hair and a 39.64m² tenancy occupied by Mike Millett Jeweller. Both tenants benefit from the highly desirable location and the efficient footprint, ideally suited to boutique retail and service-based operators.
Both leases run through to 2027, providing short to medium-term holding income with future rental growth potential and flexibility for investors. The property can be purchased individually or alongside 245 Emerson Street and 151& 155 Emerson Street as part of a wider retail investment portfolio.
For Sale by Deadline Private Treaty (unless sold prior), closing 3:00pm Thursday 2 July 2026. For further information or to arrange an inspection, contact Ash Hames.
Features:
- Net Return $39,500 + GST
- Floor Area approx. 67m²
- Excellent Market St location
More information: https://www.colliers.co.nz/p-NZL67040657
