114 King Street North, Hastings Central, Hastings

price TBC
225m2
Land Area
225m2
Floor Area

Upstairs Upside Investment

Charming 1950's two story building centrally located in the designated area within HDC's innovative street upgrading initiatives. The ground floor is leased to a long time tenant. The 1st floor is vacant so, offers a buyer the opportunity to lease out as office or convert to an apartment to either live in or rent out. With prominent street frontage, the property is located within a prime retail area of Hastings. Features: • Good profile • Central Hastings location • Ideal for the add value investor • $26,000 Gross rental pa

Chattels

Fixed floor coverings, Light fittings
114 King Street North, Hastings Central, Hastings

Web ID

NC75187

Floor area

225m2

Land area

225m2

District rates

$3,702.92pa

Regional rates

$326.12pa

LV

$135,000

RV

$430,000

price TBC
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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

By Negotiation
2
Bedrooms
1
Bathrooms
1
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+
3
Bedrooms
1
Bathrooms
2
Garages

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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