Highly Motivated Vendor Demands Action!


36 Munroe Street, Napier Central

By Negotiation

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Highly Motivated Vendor Demands Action! | 36 Munroe Street, Napier Central | 2800704 |      X Close
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Highly Motivated Vendor Demands Action!


Invest in the ongoing success story of the Hawke's Bay region with these diverse units situated in

an iconic modern office complex. Home to Price Waterhouse Coopers and a host of other national and local businesses the property sits on a prominent, fringe CBD corner and is located directly

opposite one of Napier's busiest supermarkets.

-Four of five unit titles comprising 97.48% of the building's total unit entitlement offered for sale

-Purchase individually or a combination of available units

-Attractive five level commercial building located on a prominent corner site

-Approximate total net passing income of $496,064 p.a with a current occupancy rate of 93.7%

-Weighted average lease term approximately 3.2 years

-Approximate land area 1,152sqm

-Approximate total rentable floor area 3,688sqm

-Seismic Rating 89% NBS

-33 on-site carparks (30 covered)

24 tenancies in place, spread over four unit titles.

-Unit 1 (Ground and 1st Floor excluding units 1 and 3) has 12 tenancies with a net passing income of $161,929 p.a

-Unit 2 (Ground Floor) is a single tenancy with a net passing income of $31,160 p.a

-Unit 3 is owned separately and is excluded from this sale

-Unit 4 (Second Floor) has nine tenancies with a net passing income of $107,207 p.a

-Unit 5 (Third Floor) is a single tenancy with a net passing income of $195,768 p.a

Our client's instructions are clear - bring all offers for consideration.

Further details upon request.

Tenders Close 4pm, Thursday 2nd November 2017 at the Daily Telegraph Building, 49 Tennyson Street, Napier.

Sam MacDonald

Napier

Licensed under the REA Act 2008

Mobile: +64 21 950 320
Office: +64 6 834 2290
sam.macdonald@bayleys.co.nz
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Ben Bayley

Manukau

Licensed under the REA Act 2008

Mobile: +64 21 537 503
Office: +64 9 271 7263
ben.bayley@bayleys.co.nz
View profile

36 Munroe Street, Napier Central

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Sam MacDonald

Napier

Licensed under the REA Act 2008

Mobile: +64 21 950 320
Office: +64 6 834 2290
sam.macdonald@bayleys.co.nz
View profile

Ben Bayley

Manukau

Licensed under the REA Act 2008

Mobile: +64 21 537 503
Office: +64 9 271 7263
ben.bayley@bayleys.co.nz
View profile