Positioned within Hastings’ tightly held light industrial precinct, 404–406 Ellison Road presents a rare opportunity to secure two adjoining freehold titles with a combined land area of approximately 1,236m².
The properties comprise two standalone buildings providing a versatile mix of retail, office and yard accommodation. 404 Ellison Road is currently leased to The Tackshop on a month-to month term, returning $18,000 net pa + GST, providing purchasers with holding income and flexibility for future occupation or redevelopment. 406 Ellison Road is configured as office accommodation with a generous yard area to the rear and will be available with vacant possession on settlement.
This combination of holding income and vacant possession provides purchasers with a range of options, whether looking to occupy, invest, reconfigure or explore the future development potential of the combined site. The property is well suited to trades, small businesses and owner-occupiers, while the two adjoining titles and combined landholding will also appeal to developers and investors looking to unlock the site’s longer-term potential.
Ellison Road is an established and popular light industrial location, surrounded by a strong mix of trade, service, engineering and commercial businesses. Nearby occupiers include Natural Edge Joinery, ACDelco Hastings, Ideal Electrical, Corys Electrical and a range of other established operators. Its central Hastings position provides convenient access to the CBD and surrounding arterial routes, making the area particularly attractive to trade and service-based businesses.
Contact Dustin Watts or Danny Blair for further information.
More information: https://www.colliers.co.nz/p-NZL67042356
