276 Hastings Street, City Centre, Napier, Hawke's Bay

Located in an established commercial area with low vacancy rates, this opportunity will appeal to investors seeking strong tenant covenant underpinned by the established Lighting Direct chain with 24 stores nationwide.

The single story standalone building constructed in the mid 90’s, comprises a reinforced concrete slab floor, timber purlins and galvanised iron roofing. Internally the building is predominantly an open showroom, with amenities and storage at the rear accessed by a roller door.

This area is expected to undergo redevelopment in the not too distant future backed by the local council, further enhancing the proximity to the CBD this property enjoys. In a tightly held area nearby are other large national retailers such as Farmers, Macpac, Kathmandu, Noel Leeming and The Warehouse.

Features:

• 5 onsite car parks
• Modern multi-purpose commercial building
• Prime retail location
• $93,000 net rental pa + GST

More information: https://www.colliers.co.nz/p-NZL67024820