85 Carlyle Street, Napier South, Napier

Tenanted investment with development upside

Landbank or develop this exciting mixed residential and commercial investment property. Located on Carlyle street, which is the main thoroughfare from the Napier CBD to Onekawa, Ahuriri and Napier Port, the area is known to house much of the commercial service activity with retailing stores, car yards, fuel and food outlets lining the busy street.

The site, zoned fringe commercial offers multiple development opportunities including the mix of residential and commercial activities as used currently. Explore the option of adding additional residential accommodation in the form of modern townhouses with carparks on the ground floor while retaining the commercial food retailer. This property needs imagination to maximise its strategic location on the ever-developing Carlyle Street where freehold landholdings are almost impossible to attain.

• A regular shaped 506sqm more or less freehold site
• Existing holding income, mixed commercial/residential investment
• Multi development potential on main arterial route to and from CBD
• Great location and approx. 10.06sqm frontage onto popular Carlyle Street
• High traffic flow offering great commercial exposure during business hours

Contact sole agents, Mark or Daniel today for more details