7 Tangaroa Street, Ahuriri, Napier

Massive development potential in Hawke's Bay

• Large, freehold title in central Ahuriri location
• Holding income with significant rental and development upside
• Zoned 'Mixed Use' under the Napier District Plan
• Adjoining the proposed 'Ahuriri Laneways' development
This large, 3,768sqm freehold property represents a seldom offered opportunity to secure a significant holding in the popular seaside suburb of Ahuriri. Strategically positioned just over one kilometre from Napier Port, the property is zoned 'Mixed Use' under the Napier District Plan which allows for a diverse mix of industrial, commercial and residential activities.
Existing improvements and uses for the site include workshop and warehousing areas, high grade food processing, food retailing and a large office premises. The current approximate net passing income of $89,900 + GST is derived from the retail, workshop and food processing premises with the large office and supplementary warehousing tenancy of approximately 778sqm provided vacant upon settlement.
Neighbouring to the southwest is the proposed 'Ahuriri Laneways' development - an exciting urban precinct that will enhance and add huge vibrancy to the immediate area.