Listing Description
For sale - secure medical investment, Napier
30-32 Munroe Street, Napier South, Napier, Hawke's Bay
To be sold by deadline sale (by 3 Mar)
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Capital value (CV) | $2,800,000 |
| Agency reference | NC217698 |
Description
Deadline Sale - closes 4pm Tuesday 3rd March, 2026.
Positioned in Napier's tightly held fringe commercial precinct, 30-32 Munroe Street presents a high-quality, two-storey medical investment underpinned by long-standing, nationally recognised tenants. The property is securely leased to The Doctors Napier, a well-established full-service medical practice operating from the site since 1990, alongside the Unichem Pharmacy, which has occupied the adjoining tenancy for more than a decade.
The buildings offer strong seismic performance and tidy clinical fit-outs, with selective upgrade opportunities available to further enhance long-term value. With lease security in place through to 2033, this is a resilient, income-focused investment within an established medical and professional services hub.
Key features:
- Two long-term medical tenancies with strong covenant strength
- Lease security in place through to 2033
- Earthquake seismic ratings of 75% NBS (30 Munroe) and 90% NBS (32 Munroe)
- Full-service medical facility including GP, physio, X-ray and specialist services
- Regular rent reviews providing ongoing income growth
A rare opportunity to secure a cornerstone medical investment in one of Napier's most proven healthcare locations.
Property Files
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