A prime local investment
Located on busy Wellesley Road in Napier, this property lends itself to a mixture of industrial and commercial offices. Enjoying the benefits of being surrounded by a variety of commercial premises and the ever-changing landscape in Napier City.
The two tenancies, Advantage Tyre & Battery Shop and The Green Hub are situated on 2,617sqm (more or less) of freehold commercially zoned land. There is good upside potential for further development, and with great corner street frontage it positions any new build or current operating businesses with some exceptional profile.
Currently producing a net income of $186,000 + GST pa, with outgoings being covered by the tenants.
The two tenancies, Advantage Tyre & Battery Shop and The Green Hub are situated on 2,617sqm (more or less) of freehold commercially zoned land. There is good upside potential for further development, and with great corner street frontage it positions any new build or current operating businesses with some exceptional profile.
Currently producing a net income of $186,000 + GST pa, with outgoings being covered by the tenants.
Key features
Occupancy
Currently housing two tenants bringing in a total net income circa of $170,000 + GST pa
Location
Located on a corner site, providing tenants with excellent profile
Opportunity
Ample opportunity to further develop
Land bank
Situated on a large 2,617sqm site
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