A compelling opportunity for investors seeking secure income in a well-established Napier CBD location.

195 Dickens Street is leased to Cole Murray, a well-known local financial, insurance and mortgage advisory business, on a new three-year lease commencing 29 March 2026, with further rights of renewal. The property currently returns a net rental of $37,100 + GST per annum, offering investors an immediate and dependable income stream underpinned by a strong tenant covenant.

Well positioned on Dickens Street and adjoining a large Council-owned car park, the property benefits from excellent accessibility, profile and convenient client parking. The well-presented office accommodation comprises a reception and waiting area, meeting rooms and open-plan work areas, providing a quality and functional premises for the tenant. The building’s 90% NBS seismic rating adds further strength to the overall investment proposition.

Whether an addition to an existing portfolio or a straightforward entry point for a first-time commercial property investor, this low-maintenance asset offers sound investment fundamentals, an established tenant and long-term appeal in a proven CBD location.

For sale by Deadline Private Treaty, closing 3pm Thursday 10 September (unless sold prior).

For further information or to arrange an inspection, contact Ash Hames or Dustin Watts at Colliers Hawke’s Bay.

Features:

• Net Return $37,100 + GST
• 90%NBS Seismic Rating
• Recently Renewed Lease Term

More information: https://www.colliers.co.nz/p-NZL67041856