• Brand new 5 year lease
• Net Rental - $35,000 + gst per annum
• Hands-off investment
An impressive recently refurbished passive investment well situated in the Heart of Hastings. Trading as Kaitime Limited, the tenant is a well-established business who cater to a wide range of schools in the Hawkes Bay region providing lunches. The tenant currently operates from Napier and recently signed a new five (5) year lease to expand into Hastings.
The property offers 506sqm (more or less) of flat contour land comprising approximately 310sqm (approximately) of ground floor space. The building has undergone major renovation in 2020 with further improvements including seismic strengthening and brand-new air conditioning units to be completed prior to settlement.
A simple, passive offering that is sure to attract a wide range of investors from entry level through to active investors looking for a great addition to their existing property portfolios.
503 Heretaunga Street West, HastingsOpen in map