244 Heretaunga Street West, Hastings Central, Hastings, Hawke's Bay

This property features a modern, two-storey department store on a large freehold site with high visibility from three street frontages, especially at the prominent corner of Heretaunga Street West and King Street. This corner features the TSB Bank tenancy with the balance of the substantial 6,689sqm tenancy being occupied by Farmers Department Store.    Constructed mainly in 2011/12, the building retains elements of the historic Roach’s Building facade, blending modern design with heritage charm. Its strong street presence is enhanced by nearly full-height glazing along the primary road frontages. Inside, the property is well-presented, with two spacious retail levels connected by escalators and lifts. The space includes amenities such as offices, a lunchroom, and storage areas, all essential for retail operations. Farmers also leases nine on-site car parks, complemented by ample public parking on the adjacent streets and behind the property.    Properties of this scale rarely make it to the market in Hawkes Bay, with many similar properties being tightly held.    The long term occupancy by a national brand tenant will appeal to all investor categories.   For sale by Deadline Private Treaty closing 3pm, Thursday 13 March 2025 (unless sold prior).   Contact Danny Blair today for further information.

More information: https://www.colliers.co.nz/p-NZL67032799