77 Raffles Street, Napier South, Napier
Tender
298m2
180m2
+6
+5
Commercial development opportunity Napier
Calling all developers or small business owners wanting to own their own premises; this is the perfect opportunity to achieve your goal. Well located in Napier's fringe CBD zoning, this freehold office property represents a great development opportunity. • Freehold land area 298m2; with vacant office property 180m2 • 5 on site carparks • NBS 20% detailed seismic assessment report September2021, available. • Zoning fringe commercial • Vendors are realistic and are committed to selling so become involved today. For sale by tender closing 12 noon on Wednesday 24th April 2024; (will not be sold prior). Contact us now for further details.
77 Raffles Street, Napier South, Napier
Web ID
NC179215
Floor area
180m2
Land area
298m2
District rates
$5,424.86pa
Regional rates
$586.22pa
LV
$435,000
RV
$670,000
Tender (will not be sold prior)
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This multi-tenanted Napier CBD investment property is for sale for the first time to market in over 30 years. Land area covering a generous 776sqm with a total floor area of 819swm being - ground floor 505.2sqm and first floor 314.4sqm. There are nine retail and office tenancies over the two floors, with tenant onsite parking at the buildings rear. The NBS rating is 67 -80 % and a detailed seismic assessment report has been completed. The property is zoned Art Deco Quarter and identified as a Group 1 Heritage Item. This outstanding property multi-tenanted property will appeal to purchasers seeking a low risk, long term Investment. The current rentals are below market rent and this allows the opportunity for a new owner to reap the benefit of increased income in the future. Move now to secure this rare Napier CBD investment opportunity. Being sold by negotiation. Please contact the sole agent for further information.
By Negotiation
Located overlooking Clive Square gardens in Napier are two lovely villas, with original features, that have been renovated fully with engineering and upgrades for the tenants Elicious Eatery and Re:Leaf Day Spa. The investment is unique as there are two buildings on two freehold unit titles so they could be purchased separately or together to control the whole 1002m2 site. Investment details: • Net income $115,400pa + GST with two tenancies • Outgoings 100% paid by the tenants • Well located in Napier's fringe CBD zone, overlooking the gardens and beside the Napier bus depot in a location that will have future development opportunity • Fully secure property with car parking at the rear Enquire today for full details.
By Negotiation
Well tenanted, diversified investment property located in Napier's commercial fringe is a perfect investment property to give you a sound income stream now, and for the foreseeable future. The property location will lend itself in the future to be further developed, so if you have a long term investment horizon wanting future growth for your investment this property could be for you. Net income circa $178,550pa plus GST. Multiple tenancies including Beaurepaires and the Eco Hub, this property is a mix of industrial and commercial office. Tenants pay 100% outgoings. Prime Napier fringe location. Don't delay, contact agent today for full investment details.
By Negotiation
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