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Colliers, Napier, Tremain Commercial Ltd, (Licensed: REAA 2008)

923 Southampton Street West and 205 Davis Street, Saint Leonards

Price by negotiation

Listing Description

Listed: Fri, 27 Oct

Two Titles with Development Upside

923 Southampton Street West and 205 Davis Street, Saint Leonards, Hastings, Hawke's Bay

Price by negotiation

Details

  •   1736m² Floor
  •   5222m² Land
AttributeValue
Property use
Office
Agency reference
NZL67026116

Description

Colliers have exclusively been appointed to market the sale of 923 Southampton Street West and 205 Davis Street, Hastings.   923 Southampton Street West comprises an immaculately presented modern purpose built childcare facility with a ground level café and first floor office returning $344,947 net pa + GST. The facility is licenced for 108 preschoolers including up to 40 children under 2 with attractive outdoor play areas.  The adjoining title at 205 Davis Street, Hastings was refurbished in 2017, seismically upgraded and developed into a contemporary church featuring a 500 seat auditorium, internal gymnasium, foyer, kitchenette, office accommodation and storage rooms returning $150,000 net pa + GST.   Generating an impressive net passing income of $494,947 pa + GST, this freehold property accommodates four thriving and diverse tenants with the ability to be sold together or individually and the opportunity to purchase 205 Davis Street on vacant possession or with a two year lease in place appealing to owner occupiers, developers and add value investors.   Well positioned, the properties are located close to the Stortford Lodge suburban commercial area and within 2 kilometres of the Hastings Central Business District. Recreational grounds are directly opposite the property adjoining the Hastings saleyards. Development in the immediate locality is predominantly residential.   Trophy assets of this quality rarely come to market and must be seriously considered by all investors.   Contact Danny Blair for further information.

Features:

  • National anchor tenant
  • Modern purpose built childcare facility
  • Well maintained property
  • $494,947 net rental pa + GST

More information: https://www.colliers.co.nz/p-NZL67026116


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Agent's details

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Colliers, Napier, Tremain Commercial Ltd, (Licensed: REAA 2008)

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