Unit 1-6, 1-6/402 Queen Street East, Hastings
price TBC
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Buy one, buy three or buy all six!
Positioned right in the heart of Hastings CBD in a commercial service zone, this well-maintained block of six flats can be purchased as individuals, or as a whole block offering a strong, ready-made investment with genuine flexibility. Arranged in two tidy rows of three, each flat features a practical two-bedroom layout, with spacious lounge rooms and good-sized bedrooms. The fundamentals are solid and the hard work has already been done. All the flats are rental compliant and have benefited from key upgrades including full re-wiring, modernised roofing, new gutters, and updated bathrooms throughout - delivering peace of mind and reduced maintenance going forward. All tenants are happy to stay on, providing immediate holding income with a combined rental return of $2,620 per week - making this an attractive option for investors looking for a set-and-forget asset from day one. The location underpins it all. Sitting just a short walk from New World and moments from the heart of Hastings, the convenience on offer ensures consistent tenant demand. Whether purchased as a full block or as individual units, this is a rare opportunity y to secure a high-performing investment in a tightly held central location. Strong income, proven demand, and flexibility built in - opportunities like this are seldom available so come along to one of our viewing windows and decide for yourself.
Chattels
Unit 1-6, 1-6/402 Queen Street East, Hastings
Web ID
HVU211095
Floor area
643m2
Land area
1,011m2
District rates
$21,510.08pa
Regional rates
$2990.76pa
LV
$1,130,000
RV
$2,910,000
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price TBC
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• Total Floor area: 345m2 TBC • Land area: 608m2 • 100% Leased • Current Rental: $15,000 net pa.+ 30% Opex + GST • Possible net rental from vacant front building $48,400 + 70% Opex + GST. Designed and built in 1995 with excellent street frontage, it is located at the top end of the 300 block on Heretaunga Street West and is also centrally positioned in the Hastings CBD being in close proximity to well-renowned brands like Thompson Suits, Alexanders and Johns Bakery. National tenants such as SpecSavers, TSB, Farmers, Carl's Jr, Countdown and the newly developed Bunnings Trade Centre are also close neighbours, amongst many others. There is good street parking out the front and an additional 24 council car parks located at the rear of the property with access to this via the newly created service lane. See aerial photo. This building is seriously well equipped to handle the needs of many different potential tenants. The property consists of two buildings, offering diversity and split risk security. RV: $485,000 Rates: HDC $5,006 + GST; HBRC $400 + GST
By Negotiation
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This solid-built summit stone unit is located only a stone's throw from Countdown and is perfect for those looking for easy living with the city centre on your doorstep. Everything is well proportioned in the very spacious (110 sqm) home and the delightful rear courtyard is perfect for an afternoon cuppa. The integral access garage, huge master bedroom and the general feeling of space this home offers are bound to attract attention. Our vendors want action and have priced this property to meet the market, any offers over the asking price will be seriously considered so call us to view today.
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So close to town. Take the time to enjoy the great benefits this home has to offer. Situated only three blocks from town this carefree modern Townhouse offers privacy and seclusion and an easy walk to town. No need for the car! This clearly cherished home provides three bedrooms, open plan living, double glazing, a private outdoor patio with archgola protection and overlooking beautifully manicured gardens, a double integral garage with a loft and low maintenance summit stone exterior. Quiet and convenient it is a real gem. Just move in, sit back and enjoy the lifestyle it offers. Open homes are subject to Covid-19 conditions.
By Negotiation
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