New 8 Year Lease to Crown Entity

Great opportunity to acquire a modern standalone office investment positioned on Queen Street West, the fringe of the CBD. 

This well-appointed building comprises reception/waiting, separate offices, open plan area, boardroom and ample staff amenities with a double garage at rear for extra storage and 8 onsite car parks. 

The Hawke's Bay District Health Board have just signed a new 8 year lease, returning $70,000 net pa + GST, this property will appeal to all investors looking to secure a fantastic return with fixed 2% annual increases and market rent reviews at year 4 offering future upside. 

The property has undergone an extensive refurbishment programme ready for the Hawke's Bay District Health Board to move into December 2021. 

This is a superb entry level investment, well positioned being 50m from the brand new Hastings Countdown and bus stop across the road.

For sale by Auction on 2 December 2021 at 11am at Porters Hotel, 4 Te Aute Road, Havelock North (will not be sold prior).