Focal House, 1-9 Clive Square, Napier Cbd, Napier

$2,300,000 + GST (if any)

641m2

Land Area

1,280m2

Floor Area

+7

+6

Potential net income $200,000+

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.

Focal House, 1-9 Clive Square, Napier Cbd, Napier

Web ID

NC216649

Floor area

1,280m2

Land area

641m2

District rates

$34,057.41pa

Regional rates

$2,432.76pa

LV

$1,040,000

RV

$1,920,000

$2,300,000 + GST (if any)

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Les Kennedy

Les Kennedy

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NC216649
Susan Davis

Susan Davis

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NC216649

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)
NC171651

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 with a total floor area of 819swm being - ground floor 505.2sqm and first floor 314.4sqm. 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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Located in the sunny Hawke's Bay is an opportunity to become the owner and operator of a small independent retirement village complex. Featuring a number of independent villas that are occupied under Occupational Rights Agreements, this is a really unique opportunity to become the owner at a fraction of the value of the buildings. There is opportunity to build additional ORAs. Substantial freehold title in good suburban Hawke's Bay location. Confidentiality agreement to be signed to receive information. Valuation available. Viewing by appointment only. Contact the sole agents today.

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