Colliers is proud to present to the market the iconic ASB Bank Building, a rare opportunity to acquire one of Napier's most recognisable commercial landmarks, combining secure income with exceptional heritage significance.
Occupying the prominent corner of Hastings Street and Emerson Street in the heart of Napier's CBD, this striking two-storey property has been home to a bank for more than 90 years. Following the 1931 Hawke's Bay earthquake, the original Bank of New Zealand building was rebuilt and officially reopened in 1934, becoming a cornerstone of Napier's commercial landscape.
Today, the property is anchored by ASB Bank, which has occupied the premises since 1993. The bank occupies approximately 468.6 square metres under a lease running through to March 2029, providing investors with secure income backed by one of New Zealand's major banking institutions. The ground floor accommodates the bank's customer-facing operations, including an ATM lobby, teller areas and meeting rooms, while the first floor provides staff facilities and administration space.
A standout feature of Napier's renowned Art Deco precinct, the building is widely regarded as one of the city's most visited and photographed heritage properties. Constructed in the stripped classical Art Deco style, it features exquisite Māori motifs and kōwhaiwhai pattern. These unique cultural elements have been meticulously preserved and restored, creating a building of both architectural and historical importance.
Combining secure income, a blue-chip tenant, prime CBD positioning and irreplaceable heritage appeal, the ASB Bank Building presents a truly unique investment opportunity. For Sale by Deadline Private Treaty (unless sold prior), closing 3.00pm Thursday 9 July 2026. Contact Ash Hames for further information or to arrange an inspection.
Features:
- Floor Area 468.6m²
- Net Income $167,700 + GST
- Long Term Tenant
- Prominent Art Deco Building
More information: https://www.colliers.co.nz/p-NZL67040768
