- For Sale
For SaleDeadline Private Treaty 11th Jun 2021 4:00pm (Unless sold prior)
First time to market in over three decades, this property offers a great opportunity to secure a tenanted investment in the heart of the Hastings CBD. Bordering both the office and retail precincts, the building is well positioned amongst national tenants such as Cotton On, PaperPlus, Spark, Farmers, the Kiwibank call centre, Findex and MYOB, solidifying the area as a desired location.
Best Travel’s strong commercial client base and longstanding reputation throughout Hawkes Bay, allowed them to weather the Covid-19 storm. With international travel steadily reopening, projected growth is set to continue and Best Travel have invested in an upgrade to the exterior including a new office fitout on ground floor. With seismic strengthening completed, the small area of vacancy on first floor creates room to extract further upside, without a large outlay of capital.
A pipeline of recent development with more scheduled, is contributing significantly to the commercial landscape in this area. The investor stands to benefit from this growth location, which future proofs the site offering long term security and is what makes this investment so attractive.
The split risk investment provides an ability to extract additional capital through upside and fixed growth.
For sale by Deadline Private Treaty closing Friday 11th June 2021 at 4:00pm (unless sold prior).
Ref #: 20703408