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Listing Description

Listed: Tue, 7 Nov

Masson House - Investment with upside

66-82 Dalton Street, City Centre, Napier, Hawke's Bay

Price by negotiation

Details

  •   819m² Floor
  •   776m² Land
AttributeValue
Property use
Retail
Capital value (CV)
$1,650,000
Agency reference
NC171651

Description

This multi-tenanted Napier CBD investment property is for sale for the first time to market in over 30 years. Land area covering a generous 776sqm with a total floor area of 819swm being - ground floor 505.2sqm and first floor 314.4sqm. There are nine retail and office tenancies over the two floors, with tenant onsite parking at the buildings rear. The NBS rating is 67 -80 % and a detailed seismic assessment report has been completed. The property is zoned Art Deco Quarter and identified as a Group 1 Heritage Item. This outstanding property multi-tenanted property will appeal to purchasers seeking a low risk, long term Investment. The current rentals are below market rent and this allows the opportunity for a new owner to reap the benefit of increased income in the future. Move now to secure this rare Napier CBD investment opportunity. Being sold by negotiation. Please contact the sole agent for further information.


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Agent's details

Enquire about the property

Property Brokers Napier, (Licensed: REAA 2008)

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