|Zoning||Napier Hill Character|
• 10-unit residential flats investment $152,620 gross holding income
• Two freehold titles, premium location on Napier's Marine Parade
• Large 1,679sqm (more or less) site with 705sqm (approximately) building
• 964sqm (more or less) elevated bareland section (geotech report available)
• Prime site for future seaside development opportunity
Situated on Napier's Marine Parade, this iconic seafront two-storey building and section occupy a prime location with approximately 40m frontage and fantastic ocean vista overlooking the Ocean Spa complex and foreshore. This property is ideally positioned on the doorstep of Napier's beautiful Art Deco architecture and its many attractions, activities, shops and restaurants. Fantastic opportunity to upgrade the property to increase rental income or further develop this site into executive apartment living or a high-end office building (subject to council approvals).