• 991sqm (more or less) in Fringe Commercial Zone
• $110,763 + GST net income
• Tenanted until 2028 (plus ROR)
• Suit investor, owner operator, or landbanker
The enviable mix of a secure tenanted investment along with assets with a zoning, location, and flexible use options is a must have in every investors property portfolio. Ticking all these boxes this 991sqm (more or less) across three freehold titles with some 1,265sqm fully leased floor area is a must own.
On the fringe of Napier's revitalised CBD and just a walk across to Napier's iconic Ahuriri village and Marine Parade this corner landholding is the home of 'The Cabana', the renowned live music venue which has hosted local and international acts and revellers for decades. In addition, the popular and characterful Toad Hall, offering 23 rooms and amenities along with impressive rooftop views across Napier provides strength to your investment. An option for purchasing the existing business may be available to a suitable buyer.
Two independent ADLS leases provide a total net income of $110,763 net plus GST provide investment certainty right through to 2028. Add this exciting investment to your portfolio now in one of New Zealand's most prosperous and fastest growing regions.