120 Queen Street East, Hastings Central, Hastings, Hawke's Bay

A rare opportunity to secure a two-level mid-1930s office building on Queen Street East, in the heart of Hastings’ Central Business District. The area has undergone a major revitalisation with The Tribune precinct, recently renovated 101 East and the K Mart Plaza at the rear of the property. Surrounding neigbouring tenants include Westpac, AskYourTeam, Hastings District Council, Willis Legal, Midlands Funds Management, Kindred Road, Brave Brewing, K-Mart, Kathmandu and Curtain Studio to name a few.    Awhina Whanua Services, a well-established organisation providing counselling and education programs, currently occupy the premises. The recent renewal of their lease for a further six years ensures a stable income stream, with a net rental of $165,000 per annum plus GST and 3% fixed annual increases. The property’s appeal is further enhanced by its twenty on-site car parks located at the rear of the building, a valuable asset in a busy business district.    For Sale for Deadline Private Treaty closing 4pm, Tuesday 18th March 2025 (unless sold prior).   Contact Danny Blair for further information.

Features:

• 20 onsite carparks at rear
• 67% NBS (report dated June 2014)
• Stunning character building
• Central Hastings location

More information: https://www.colliers.co.nz/p-NZL67032906