Corner site investment with up-side


803 Caroline Road, Mayfair

Private Treaty

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Corner site investment with up-side | 803 Caroline Road, Mayfair | 2851656 |      X Close
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Corner site investment with up-side


An excellent opportunity becomes available in a central location in Hastings. The property consists of 920sqm (more or less) of a single storey building originally erected as a warehouse and office facility in the 1970s. The site has been subsequently converted into a training facility for Achievement NZ, who have nine learning centres around New Zealand. With the tenant's lease expiring in December 2019, the property is ideal for owner occupiers looking to modernize the building and make use of a brilliant corner site location opposite Mitre 10 Mega on Caroline Road, Hastings.

The property sits in the general residential zone offering opportunities for residential subdivision, day care centres, rest homes, accommodation and other commercial activities subject to Hastings District Council consent. The site will appeal to a large range of owner occupiers, developers and investors looking to add value or enhance their investment.

- Net rental $77,300 + GST per annum

- Achievement NZ Ltd lease expires 31st December 2019

- NBS rating 70%

- Floor area 920sqm (more or less)

- Land area 1330sqm (more or less)

For Sale by Deadline Private Treaty (unless sold prior) closes 4pm, 5th June 2019, 17 Napier Road, Havelock North.

For further information please call Daniel Moffitt 021 423 580 or Jake Smith 022 172 2718.

803 Caroline Road, Mayfair

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