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For Sale

Negotiation

Located in Napier’s CBD, 191-193 Dickens Street is situated on a freehold title enjoying good frontage and profile to a large public car park and also backs onto Clive Square East allowing vehicle access for a loading area at the rear of the building.

The premises has been subdivided into two tenancies and leased to national chains Toyworld , New Zealand's largest group of specialty toy retailers with 27 stores nationwide and The Baby Factory, New Zealand’s leading babywear and nursery furniture specialists for over 30 years with 25 stores nationwide.  Both tenants have recently signed new 8 year leases respectively with a WALT of 8 years . The property is currently producing a net return of $215,418 pa + GST.

The original building was constructed circa 1964, which was extended and modernised in 1999 and again in 2007 with earthquake strengthening to 70% NBS and significant maintenance completed in 2022.

Secure a well located, well established, tenanted commercial property in the heart of Napier.



Ref #: 20928498