105 Market Street, Hastings
By Negotiation
440m2
246m2
+4
+3
Mid-Century Character with Value-Add Potential
This two-story commercial property is currently occupied by a single tenant leasing both levels, with right of renewal to 2029. The property returns a net income of approximately $24k per annum, with the tenant covering all outgoings. The current rent is below market, presenting an opportunity for investors to increase return over time. The ground floor features a largely open-plan layout with an ex bank vault and a bold mid-century staircase. First floor comprised of several individual rooms/offices and an open reception area, offering flexibility for future use or reconfiguration. There is great potential to add value by investing in improvements to the structure or by redeveloping. •Single tenant leasing both floors •Net income $24,000 p.a. •Outgoings paid by tenant •246 m² building on 440 m² site •Suitable for a variety of uses or tenancy types •Low NBS rating – strengthening required •Strong potential to add value
105 Market Street, Hastings
Web ID
HC206817
Floor area
246m2
Land area
440m2
LV
$290,000
RV
$600,000
By Negotiation
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