104 Market Street South, Hastings Central, Hastings, Hawke's Bay

This Hastings CBD property presents a rare opportunity to secure a tenanted investment in a prime central location. Bordering both the office and retail precincts, the building enjoys excellent positioning amongst well-known national retailers including Cotton On, Paper Plus, Just Jeans, Spark, One, and the nearby central mall, which is currently undergoing a street-scape upgrade. Its profile and proximity to key amenities make it an attractive proposition for investors seeking a foothold in the CBD.

The ground floor tenancy of approximately 110sqm is currently leased to Best Travel, returning $34,143.36 net per annum plus GST. The lease also includes access to a staff room, toilet facilities, and an 12.65sqm office situated on the first floor. The remaining 67.6sqm on the first floor is currently vacant, providing an opportunity for an owner-occupier seeking their own space, or an investor looking to add further income through leasing.

The building has been well maintained with recent upgrades to both bathrooms and the building repainted and a NBS rating of 67%+. Offering a solid return with upside potential, this is a superb entry-level commercial investment in the heart of the Hastings CBD.

  Contact Danny Blair today for further information.

Features:

• Well-Maintained Building
• Prime Hastings CBD location
• 67%+ NBS

More information: https://www.colliers.co.nz/p-NZL67037687