245 Emerson Street, City Centre, Napier, Hawke's Bay

An excellent entry-level retail investment leased to established wellness and massage operator Sen Spa Napier. Positioned within Napier’s CBD, the property offers secure passive income from a thriving business in a sought-after central location.   The property comprises a well-presented 122m² tenancy, fitted out to an exceptional standard with a high-quality bespoke interior carefully designed to suit the operational requirements of the current tenant. No expense was spared in the fit-out, reflecting the tenant’s long-term commitment to the premises since taking occupation in 2023.   The current lease runs through to July 2028 with RoR, providing secure medium-term income, and built-in annual rental increases delivering steady future growth.   This opportunity will appeal to investors seeking an affordable foothold in Napier’s CBD, underpinned by an established and busy operator. The building has an assessed seismic rating of 67% NBS based on a 2013 IEP report. The property can also be purchased individually or alongside 4 Market Street and 151&155 Emerson Street as part of a wider retail investment portfolio.   For Sale by Deadline Private Treaty (unless sold prior), closing 3:00pm Thursday 2 July 2026. For further information or to arrange an inspection, contact Ash Hames.

Features:

• 67% NBS
• Net Return $31,995 + GST
• Floor Area 122m²
• Fee Simple Title

More information: https://www.colliers.co.nz/p-NZL67040658