100% tenanted; $120,400 plus GST net income
•Returning $120,400 + GST net per annum
•Freehold, multi-tenanted commercial investment
•Strategic high-profile corner location
•Seismically strengthened to 80% NBS (2014)
If its a fully tenanted, high profile and strengthened investment located in a well located, very popular suburban shopping centre you've been on the lookout for, make no mistake - here it is!
Positioned prominently at the headline corner of the thriving Marewa Shopping Centre. An exceptionally well-presented freehold investment offers the opportunity to secure a diversified income-producing asset. Napier's most established suburban retail precincts.
Fully leased to a strong mix of complementary tenants, including Marewa Pharmacy, a long-standing provider of essential healthcare services, Achievement NZ, a respected adult education organisation, and ASPEQ, an internationally recognised examination services provider with more than three decades of industry experience. Together, these tenants provide a stable income stream currently returning $120,400 + GST and outgoings per annum.
Benefiting from a strategic corner position on a busy arterial route, the property enjoys exceptional profile, consistent pedestrian traffic, and exposure within a tightly held shopping centre environment valued for its low vacancy rates. The recently refurbished medical centre adjoining even further enhances the location's long-term appeal and supports ongoing tenant demand.
Just 1km from the CBD, and offering a combination of proven tenancy, diversified income, earthquake strengthened to 80% NBS (2014) and a sought-after suburban location, this is a standout investment opportunity worthy of serious consideration.
Contact us today for further information or to arrange a private inspection.
•Freehold, multi-tenanted commercial investment
•Strategic high-profile corner location
•Seismically strengthened to 80% NBS (2014)
If its a fully tenanted, high profile and strengthened investment located in a well located, very popular suburban shopping centre you've been on the lookout for, make no mistake - here it is!
Positioned prominently at the headline corner of the thriving Marewa Shopping Centre. An exceptionally well-presented freehold investment offers the opportunity to secure a diversified income-producing asset. Napier's most established suburban retail precincts.
Fully leased to a strong mix of complementary tenants, including Marewa Pharmacy, a long-standing provider of essential healthcare services, Achievement NZ, a respected adult education organisation, and ASPEQ, an internationally recognised examination services provider with more than three decades of industry experience. Together, these tenants provide a stable income stream currently returning $120,400 + GST and outgoings per annum.
Benefiting from a strategic corner position on a busy arterial route, the property enjoys exceptional profile, consistent pedestrian traffic, and exposure within a tightly held shopping centre environment valued for its low vacancy rates. The recently refurbished medical centre adjoining even further enhances the location's long-term appeal and supports ongoing tenant demand.
Just 1km from the CBD, and offering a combination of proven tenancy, diversified income, earthquake strengthened to 80% NBS (2014) and a sought-after suburban location, this is a standout investment opportunity worthy of serious consideration.
Contact us today for further information or to arrange a private inspection.
Key features
Location
Prime corner location in Marewa Shopping Centre near newly refurbished medical centre
Passing income
Net passing income of $101,400 plus GST and outgoings with growth potential
Anchor tenants
Health sector and adult education tenants offering secure income
