Listing #:1634697470

Big value add opportunity with existing income

Location: 190 Emerson Street, Napier South, Napier, Hawke's Bay
Property use: Industrial
Floor area: 810m2
Land area: 505m2
Price: Asking price $1,425,000
• Single freehold title consisting of two buildings and dual street frontage
• Tenanted by Cotton On Clothing (NZ) Ltd t/a Supre and Madisons Living Ltd
• Current rental income of $110,000 p.a. plus GST
• High seismic ratings - 100% and 72% NBS
• Upper level vacancies - excellent add value opportunity
This unique property consists of two buildings and enjoys dual frontage to both Emerson and Tennyson Streets. Ideally positioned on Napier's main retail street with the Municipal Theatre positioned directly opposite on the northerly side.
With solid cash flow currently locked in the future development opportunities here will excite you!
• Land Area 505sqm (more or less)
• Total Floor Area 810sqm (approximately)
• Zoning Inner City Commercial - Art Deco Quarter

Agency reference #: 2800967
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Asking price: $1,425,000
190 Emerson Street, Napier South, Napier, Hawke's Bay
Asking price: $1,425,000
Listed: Wed 16 May, 12:05 pm
Sam MacDonald
Bayleys Napier ERL, (Licensed: REAA 2008)
  • Contact details
  •  (06) 8342290
  •  (021) 950320

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Agent's details

Sam MacDonald
  •  (06) 8342290
  •  (021) 950320
Bayleys Napier ERL, (Licensed: REAA 2008)
(06) 8344080
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Expires: Thu 27 Dec, 11:15 am
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