•309sqm title with service lane
•Central Napier CBD location
•$65,000 annual income
Located within Napier's central CBD block and Commercial Zone, this property offers a $65,000 rental income with a final lease expiry of 7 years (including rights of renewal).
The well-renowned Italian restaurant offers some of the finest dining in the region, and the location is experiencing significant private and public capital investment. Public and private carparking for the city centre is on this street, and of course Napier's iconic Art Deco architecture is all around you. Make the most of the Hawke's Bay growth, welcoming back the international cruise ship visitors, and strength of the regional economy by investing here now.
With a service access to and from the rear, the long term opportunity to repurpose into multiple tenancies or provide inner city living is obvious. Or just retain and make the most of this enticing asset.