106 Queen Street East, Hastings Central, Hastings

price TBC
290m2
Land Area
178m2
Floor Area

Investment opportunity - Essential service

For Sale - A very nice little investment opportunity. 106 Queen Street East is perfectly positioned on Queen Street East with banks, cafes, national retailers,and K-mart plaza all within an easy 1-2 min walk away. The tenant, OM Goodness is doing well and enjoying the space. They are an essential service and has been supplying supermarkets and the like, so has been operating the whole way through, the lock down period. The building is a very appealing Art Deco style design and has a 9.6 meter retail frontage giving it excellent profiling opportunities for the tenant. It also has natural light, exposed beautiful timber roof trusses, yet is well insulated with two air conditioning units to service the whole building, new amenities, two dedicated car parks and a new roof. Building of 178m2. Land of 290m2. Lease details: Available upon request. Please call Paul Garland 027 3295 777 to know more or for a private viewing.

Chattels

Light fittings, Kitchenette, Air-conditioning system, power points
106 Queen Street East, Hastings Central, Hastings

Web ID

NC78551

Floor area

178m2

Land area

290m2

District rates

$6,294.76pa

Regional rates

$428.03pa

LV

$230,000

RV

$325,000

price TBC
View by appointment

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About the location


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• Total Floor area: 345m2 TBC • Land area: 608m2 • 100% Leased • Current Rental: $15,000 net pa.+ 30% Opex + GST • Possible net rental from vacant front building $48,400 + 70% Opex + GST. Designed and built in 1995 with excellent street frontage, it is located at the top end of the 300 block on Heretaunga Street West and is also centrally positioned in the Hastings CBD being in close proximity to well-renowned brands like Thompson Suits, Alexanders and Johns Bakery. National tenants such as SpecSavers, TSB, Farmers, Carl's Jr, Countdown and the newly developed Bunnings Trade Centre are also close neighbours, amongst many others. There is good street parking out the front and an additional 24 council car parks located at the rear of the property with access to this via the newly created service lane. See aerial photo. This building is seriously well equipped to handle the needs of many different potential tenants. The property consists of two buildings, offering diversity and split risk security. RV: $485,000 Rates: HDC $5,006 + GST; HBRC $400 + GST

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Garages

This solid-built summit stone unit is located only a stone's throw from Countdown and is perfect for those looking for easy living with the city centre on your doorstep. Everything is well proportioned in the very spacious (110 sqm) home and the delightful rear courtyard is perfect for an afternoon cuppa. The integral access garage, huge master bedroom and the general feeling of space this home offers are bound to attract attention. Our vendors want action and have priced this property to meet the market, any offers over the asking price will be seriously considered so call us to view today.

Buyers $589,000+
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So close to town. Take the time to enjoy the great benefits this home has to offer. Situated only three blocks from town this carefree modern Townhouse offers privacy and seclusion and an easy walk to town. No need for the car! This clearly cherished home provides three bedrooms, open plan living, double glazing, a private outdoor patio with archgola protection and overlooking beautifully manicured gardens, a double integral garage with a loft and low maintenance summit stone exterior. Quiet and convenient it is a real gem. Just move in, sit back and enjoy the lifestyle it offers. Open homes are subject to Covid-19 conditions.

By Negotiation

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