Mayfair
816 Karamu Road North, Mayfair, Hastings
+15
Health sector tenant; $102,000 net income
• New 6-year lease from August 2025
• $102,000 plus GST and outgoings with annual 3% fixed rental growth
• Exceptional location and zoning
• Quality asset on 1,319sqm (more or less) freehold site
A perfect first commercial investment or one to add to the portfolio. Exceptionally well presented is this rear warehouse unit with concrete yard attractively located on the fringe of the Hastings CBD and the popular Karamu Road arterial link.
A very strong health-sector tenant covenant with a new 6-year lease locked in from 1 August 2025 starting at $102,000 plus GST and outgoings with two renewals of a further seven years (combined) will make this a popular option. Annual 3% rental increases, a quality asset, and the extensive tenant fitout further secures your investment at this tightly held location.
A straight-forward decision awaits you here. Contact us now to arrange your private viewing or for further information.
Kerry Geange
Eastern Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Lease term
New 6 year lease from August 2025
Lease
$102,000 plus GST and outgoings, with 3% annual growth
Location
Exceptional Hastings CBD location on popular Karamu Road
Zoning
Flexibility within the Light Industrial Zone
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