. Marine Parade and Hastings Street, City Centre, Napier, Hawke's Bay

Colliers are excited to present a remarkable portfolio of four properties located in the highly sought-after Napier CBD. These properties are strategically positioned in prime locations, offering immense potential for both individual investors and developers. These properties can be purchased individually or together.   The portfolio comprises:   161 Marine Parade: A 707m² waterfront development site.  Resource Consent was granted on 4 June 2020 for a five level hotel with 59 hotel rooms, covered parking, drive through entry and a commercial tenancy.    217-229 Marine Parade:  Former backpackers accommodation, this property offers an enticing opportunity for those looking to unlock the true value of this waterfront gem and transform it into a highly profitable venture.     266 Hastings Street: A 34-space car parking lot, this is one of the last vacant sites in the area and worthy of serious consideration from owner occupiers and developers.   276 Hastings Street: A commercial building that is home to Lighting Direct, returning $93,000 plus GST per annum.   There is something for everyone in this portfolio of commercial assets, developers will be drawn to these bare sites that offer a rare blank canvas for development in the centre of Napier.   Please contact Danny Blair for further details.

More information: https://www.colliers.co.nz/p-NZL67024821