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Mayfair

135-137 Frederick Street East, Mayfair, Hastings

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1,020sqmĀ Floor area
2,023sqmĀ Land area SQM

Auction

(will not be sold prior)

Finally for sale! Hold, improve or redevelop


This high profile property is located on a busy suburban thoroughfare and sits just a short distance from a major intersection with Karamu Road, one of the main arterial routes between Hastings and Napier.

Comprising a rectangular shaped land area with large road frontage the building improvements on site are of mixed age. The original factory building (built circa 1950) of approximately 787sqm consists of four occupants and one vacancy. The newer, high stud workshop (circa 1990) is approximately 338sqm in size and is currently utilised by an established car care services business.

Held by the same family for an extended period this property is now ripe for add-value improvement for a range of uses. Integrate the existing improvements or contemplate a full redevelopment, the choice is yours. The owners circumstances now call for sale, do not miss your opportunity to purchase.

ā€¢ Land area 2,023sqm (more or less)
ā€¢ Total floor area 1,125sqm (approximately)
ā€¢ Zoning, Suburban Commercial under the Hastings District Plan
ā€¢ Multi tenanted with approximate income of $37,013 plus GST p.a.

Auction (will not be sold prior) 11am, Friday 6 December, 52 Bridge Street, Ahuriri, Napier

Auction
(will not be sold prior)

52 Bridge Street, Ahuriri, Napier

6

Dec

Time11am
Calander
Calendar
Sam MacDonald

Sam MacDonald


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

Features

Add value


Significant rental and development upside

Approximate income


$37,013 plus GST pa

Zoning


Zoned ā€˜Suburban Commercialā€™ under the Hastings District Plan