Redeveloped – Napier’s Mid City Plaza

205 and 223-225 Emerson Street, Napier

Retail For Sale

For Sale by Deadline Private Treaty closing at 4pm Thursday, 20 Jun 2019 (Unless sold prior)    Tenanted Investment
Land Area: 3,546.00 m2.    Floor Area: 3,360.00 m2.    

Car Spaces: 20   

Mid City Plaza

Description

Widely known as the Mid City Plaza, 205-225 Emerson St is an iconic piece of Napier real estate, and comprises one of the largest retail holdings in Napier’s CBD, in terms of land area, floor area and annual rent roll.

Fully tenanted, and recently redeveloped, this property is in excellent condition, with an upgraded exterior, earthquake strengthening and new internal fitouts throughout. 

A blend of 9 retail tenants contribute the bulk of the properties income, with the balance coming through 20 onsite car parks and a billboard at the Dickens St end of the property.

Features

  • Approx $746k net income
  • Recently redeveloped
  • Significant CBD holding
  • Prime retail location
  • Strong mix of tenants

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