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
- Partially tenanted by Cotton On Clothing (NZ) Ltd t/a Supre
- High seismic ratings - 100% and 72% NBS
- Upper level vacancies, ground floor vacancy on Tennyson Street side

This unique property consists of two buildings and enjoys dual frontage to both Emerson and Tennyson Streets. Partially occupied by a large, national retailer and with high seismic ratings there is plenty of add value opportunity here - explore hospitality, retail, office or residential use throughout the various vacant areas. Ideally positioned on Napier's main retail street with the Municipal Theatre positioned directly opposite on the northerly side of Tennyson Street.

- Land Area 505sqm (more or less)
- Total Floor Area 810sqm (approximately)
- Zoning Inner City Commercial - Art Deco Quarter
- Current rental $90,000 plus GST p.a.

Agency reference #: 2800967
Show on map
  • directions_car
  • directions_bus
  • directions_run
  • directions_bike
Depart at:
Duration:
Distance:
 
While we've done our best to correctly map this location, it may not be exact.
While we've done our best to correctly map schools in this location, school zone information may not be exact,
so please double check with the school. Read our Maps in Property help page for further information.
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 Agent (REAA 2008)
  • Contact details
  •  (06) 8342290
  •  (021) 950320

Advertisement

Agent's details

Sam MacDonald
  •  (06) 8342290
  •  (021) 950320
Bayleys Napier ERL, Licensed Agent (REAA 2008)
(06) 8344080
Log in or register to email the agent.
Expires: Tue 27 Nov, 9:00 am
Page Views
1639