242 Emerson Street, Napier South, Napier
price TBC
425m2
405m2
For Sale - Investment with yield of 8.5%
• Freehold investment property • 2 very good tenancies • Full engineering report available (2018) • This single story commercial property ticks the boxes • Owner is serious about selling and will consider offers that return you 8.5% on net income. Take action now to secure this very good investment property. Contact sole agent for further information. Viewing by appointment.
Chattels
242 Emerson Street, Napier South, Napier
Web ID
NC78902
Floor area
405m2
Land area
425m2
District rates
$8,959.43pa
Regional rates
$1,001.89pa
LV
$690,000
RV
$1,290,000
price TBC
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About the location
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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. Key Features: • Prime location opposite Clive Square Gardens • 556m2 (approx.) freehold land on Fringe Commercial zoning • 130m2 (approx.) standalone building; seismic assessment 34% • 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 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.
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Rare opportunity to purchase this prime tenanted investment property in the Napier CBD. • Two quality long term professional tenancies • The Oral Surgery Centre Limited and Amplifon NZ Limited (T/A Bay Audiology ) • Total net annual rental $84,546 + GST • Leases and renewals to 31 March 2032 and 17 June 2033 • Eight designated onsite carparks • NBS 99% Do not miss the opportunity to own this prime investment property. Contact sole agents now for further information.
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• 90sqm freehold property with 50sqm tenanted. • Ideal for a first time investor looking to enter the commercial property market • Contact sole agent
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