23 Clive Square, Napier Cbd, Napier
By Negotiation
556m2
130m2
+14
+13
Prime development opportunity with holding income
Positioned directly opposite the picturesque Clive Square Gardens in the heart of Napier, this standalone commercial property offers an exceptional opportunity for investors, developers, and land bankers alike. Occupying a generous 556m2 (approx) freehold site and zoned Fringe Commercial, the property supports a wide range of future development possibilities - including residential, commercial, mixed-use, or short-stay accommodation such as Airbnb. Whether you're looking to develop now or hold for future potential, this property is primed to deliver. The existing single-storey, 130m2 (approx) weatherboard building is currently leased as a doctor's surgery, providing a secure holding income of $47,840 net per annum + GST until December 2025. The site also features generous rear car parking and has an Initial Seismic Assessment (ISA) of 34% NBS. Key Features: • Prime location opposite Clive Square Gardens • 556m2 (approx) freehold land on Fringe Commercial zoning • 130m2 (approx) standalone building with holding income • Net income $47,840 + GST pa until December 2025 • Potential for residential, commercial, or Airbnb development • Rear on-site car parking • Land bank with future upside in a central Napier location This is a rare chance to secure a centrally located site with income in place and a wide scope of future development potential. Properties like this, with such a versatile zoning and a prominent outlook, are seldom available. Enquire today to explore the future of 23 Clive Square.
23 Clive Square, Napier Cbd, Napier
Web ID
NC204265
Floor area
130m2
Land area
556m2
District rates
$11,953.50pa
Regional rates
$684.61pa
LV
$810,000
RV
$880,000
By Negotiation
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By Negotiation
For sale tenanted investment with options. • Freehold land area 230sqm (more or less); building 161sqm (approximately) • Two tenancies fully leased • Net rental income $22,084pa + GST • Zoned residential • RV $355,000 1 October 2023 A rare opportunity to purchase freehold on Latham and weigh up your long term plans. Contact agent for further information.
$330,000 + GST (if any)
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