30-32 Munroe Street, Napier South, Napier
Buyers $3,000,000+
721m2
660m2
+16
+15
For sale - secure medical investment, Napier
Deadline Sale - closes 4pm Tuesday 3rd March, 2026. Positioned in Napier's tightly held fringe commercial precinct, 30-32 Munroe Street presents a high-quality, two-storey medical investment underpinned by long-standing, nationally recognised tenants. The property is securely leased to The Doctors Napier, a well-established full-service medical practice operating from the site since 1990, alongside the Unichem Pharmacy, which has occupied the adjoining tenancy for more than a decade. The buildings offer strong seismic performance and tidy clinical fit-outs, with selective upgrade opportunities available to further enhance long-term value. With lease security in place through to 2033, this is a resilient, income-focused investment within an established medical and professional services hub. Key features: • Two long-term medical tenancies with strong covenant strength • Lease security in place through to 2033 • Earthquake seismic ratings of 75% NBS (30 Munroe) and 90% NBS (32 Munroe) • Full-service medical facility including GP, physio, X-ray and specialist services • Regular rent reviews providing ongoing income growth A rare opportunity to secure a cornerstone medical investment in one of Napier's most proven healthcare locations.
30-32 Munroe Street, Napier South, Napier
Web ID
NC217698
Floor area
660m2
Land area
721m2
LV
$970,000
RV
$2,800,000
Buyers $3,000,000+
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Key features: • Excellent tenancies returning $212,249 pa net return + GST • Easily managed • 70% NBS (Detailed Seismic Assessment) • Recently reroofed and exterior repaint • Prime location adjacent to new Art Deco Centre and Inter City bus terminal • Good exposure with three frontages • High traffic flow This two story commercial property presents as a great diversified investment opportunity to add to your portfolio or those new to the market wanting to secure a top of the range investment at a very good return. Priced to sell, $2,300,000 plus GST (if any). For further information please contact sole agents.
$2,300,000 + GST (if any)
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 (approx.) with a total floor area of 819sqm (approx.) being - ground floor 505.2sqm (approx.) and first floor 314.4sqm (approx.). 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.
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