- For sale
Those investors seeking an entry level commercial property look no further. Situated in the heart of Napier's business district, this prime retail unit sits amongst the Central Hotel which is a prominent city landmark and a very fine example of Art Deco architecture.
Designed by the local architect, Ernest Arthur Williams in 1931, this building has a seismic rating exceeding 50% NBS with reinforced concrete foundations and columns, galvanised steel and concrete roofing, finished with plasterboard and feature timber.
Consisting of a 65.6m² retail area with a further 22.8m² of mezzanine, the tenancy is an open plan space with two recessed entry doors with own bathroom that has got new flooring and a fresh coat of paint. The remainder of the Central Hotel is going to be turned into a boutique hotel restoring one of the more outstanding of Napier’s Art Deco buildings to its former glory, making this area of Napier even more desirable.
The Information Memorandum is available for download via the Secure Documents link at https://www.colliers.co.nz/p-NZL67014023.
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