Triple Income, Prime CBD Position

An opportunity to secure a well-positioned commercial investment in Napier's CBD, offering diversified rental income and a location set to benefit from continued investment in the surrounding precinct.

Situated on a 448m² freehold site directly opposite the Napier Police Station, the property comprises approximately 416m² of floor area, configured into three separate tenancies with a combined 22 metres of street frontage. The building has been seismically strengthened to 100% NBS, providing further appeal to investors.

Currently returning a combined net rental income of $76,000 + GST per annum, the property benefits from three established tenants, including two relatively recent lease commitments. Fixed annual rental increases apply to two of the leases, providing opportunities for income growth over their respective terms.

Positioned close to Napier's new Civic Centre and Library development, the property is well placed to benefit from the ongoing revitalisation of this part of the CBD, with significant public investment expected to bring increased activity and foot traffic to the surrounding area.

With established rental income, favourable lease arrangements and a central CBD location, 128 Dalton Street presents an attractive opportunity for investors seeking a well-located commercial asset with long-term investment appeal.

For Sale by Deadline Private Treaty closing 3:00pm, Thursday 19 November 2026 (unless sold prior). Contact Ash Hames for further information or to arrange an inspection.

Features:

• Net Rental Income $76,000 + GST
• Seismically strengthened to 100% NBS
• Positioned Near Major Civic Developments

More information: https://www.colliers.co.nz/p-NZL67043075