One of a Kind Luxury Residence with Income


129 Heretaunga Street West, Hastings

By Negotiation

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One of a Kind Luxury Residence with Income | 129 Heretaunga Street West, Hastings | 1684204 |      X Close
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One of a Kind Luxury Residence with Income


Occupying a freehold corner site, this landmark building fuses elegance, prestige and space on a world class scale. Combining a revenue producing ground floor tenancy with a second floor apartment of unparalleled quality, this is a once in a lifetime opportunity to secure what is undoubtedly one of the regions finest properties.

The apartment is accessed through a stunning Terrazzo stairwell or private lift, and boasts high stud ceilings and top end fittings throughout. Functionality is foremost here, with four bathrooms including a master with ensuite and king size bedrooms with double wardrobes, spacious kitchen, dining room and lounge. Tastefully integrated modern conveniences include a new central heating system, alarm, and video motion security system. Stairwell access is provided to the roof-top which offers a unique and enviable outlook across Hawkes Bay's Heretaunga Plains and beyond.

Sustained by the advantage of its location on the premier intersection of Hastings, the downstairs tenancy has recently been leased to AMI insurance running through till 2023 at $60,000 + GST pa. With two further rights of renewal, reliable income is guaranteed to the new owner.

With everything taken care of, the property is ready to become part of the next exciting stage of your life where steady income is provided by the downstairs tenant, everything you need is within walking distance and lock up and leave convenience means you can travel anywhere on a whim.

Alternatively Investors will be excited by the prospect of further revenue by letting the apartment as short-term accommodation. With a shortage of holiday rental accommodation in the area there is reasonable opportunity to expect a nightly rack rate of $500 - rising to $800 during peak seasons and events.

To obtain a full information pack on the property please register your interest here: http://www.propertyfiles.co.nz/property/1684091

Call for further information or to arrange a viewing.

129 Heretaunga Street West, Hastings

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