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Napier South

94-96 Station Street, Napier South, Napier

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290sqm Floor area
322sqm Land area SQM

For Sale by Negotiation

Double investment in Napier CBD


•Two-tenancies on a central CBD tree-lined street
•Strengthen the existing buildings to improve your asset
•$41,300 current net annual income.

Centrally located in Napiers CBD on gorgeous tree lined Station Street, this two-tenancy investment property provides an exceptional opportunity. The success of one tenant requiring them to look for larger tenancy early in the new year provides the opportunity to modernise and renovate that tenancy to add value. At the same time consider the opportunity that lies with the strengthening of the building from its current preliminary 35%NBS to add even more value with lifting ceilings to provide a modern CBD space.

Tenants both report how well the location works for them for sun, profile, parking and staff. The Council mini-park immediately next door provides great access as well as a feeling of space, outdoor area, and gardens you can use without the work.

Whether looking to occupy, invest, or add value you need to view this quickly.

Kerry Geange

Kerry Geange


Eastern Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Income


$41,300 current net annual income

Multi-tenanted


Two-tenancies on a central CBD tree-lined street

Upside


Strengthen the existing buildings to improve your asset