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Listing Description
Listed: Thu, 29 Jan
Prime Office Investment Opportunity
307 Karamu Road North, Hastings Central, Hastings, Hawke's Bay
Price by negotiation
Details
| Attribute | Value |
|---|---|
| Property use | Office |
| Capital value (CV) | $2,070,000 |
| Parking | Uncovered |
| Agency reference | NA26589 |
Description
NAI Harcourts are pleased to present 307 Karamu Road, Hastings, a high-quality commercial investment leased to Harcourts Hawke's Bay, one of New Zealand's most recognised real estate brands.
The property delivers a net income of $177,500 per annum plus outgoings, secured by a new 6-year lease from 5 April 2025, with a further 6-year right of renewal, providing strong long-term income certainty.
Located on Karamu Road, Hastings' premier commercial corridor, the building benefits from excellent exposure, accessibility and 22 on-site car parks - a key advantage for office tenants.
The property includes purpose-built auction rooms and functions as the Harcourts Hawke's Bay headquarters, reinforcing tenant commitment to the site.
Key Investment Highlights:
- Net income: $177,500 p.a. + outgoings
- New 6-year lease from April 2025
- One further 6-year right of renewal
- Blue-chip tenant: Harcourts Hawke's Bay
- Headquarters building with auction rooms
- 22 on-site car parks
- High-profile Karamu Road location
A hands-off, long-term investment offering strong income security backed by a household-name tenant in a tightly held Hawke's Bay location.
For Sale By Negotiation. Contact us today for further information or inspection.
Property Files
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