Five high-quality commercial units are for sale or lease off the plans in central Hastings, giving owner-occupiers a chance to acquire premium new premises in a fast-growing location.
Colliers International has been exclusively appointed to market units 1-5 at 306 Ellison Road, Hastings, for sale and lease by negotiation.
Due for completion in April 2019, the development is ideally located in a thriving commercial and trade retail precinct on the eastern side of Hastings CBD.
Ian McLachlan of Colliers Hawke’s Bay, who is marketing the property for sale with colleague Danny Blair, says units of between 150sq m to 550sq m are available.
“This is an outstanding opportunity to acquire and occupy brand-new premises in an area that has undergone significant commercial and retail development in recent years,” McLachlan says.
“Located on a high-profile corner site, the development will be anchored by national wholesaler Ideal Electrical, and surrounded by numerous other large-format and trade retailers.
“The property benefits from generous on-site car parking and excellent access to all of Hastings, Havelock North.
“Owner-occupiers and tenants will not want to miss this opportunity to secure high-quality new premises in a prime Hastings location.”
Blair says the development is on a 3,544sq m site at the corner of Ellison Road and Hastings Street North, close to the city centre.
“The site is opposite a popular retail complex tenanted by Warehouse Stationery, Super Cheap Auto and Smith City,” he says.
“Other national brands in the area include big-box retailers Mitre 10 Mega, The Warehouse, Kmart, Rebel Sport, Briscoes and Noel Leeming.
“The surrounding area is also popular with motor vehicle dealerships, including Toyota, Holden and Lexus, which are all located nearby.”
Zoned Commercial (8d) by the Hastings District Council, the development for sale comprises five individual unit titles, which can be purchased individually or as a single investment.
Ideal Electrical is to be located on a standalone freehold property at the corner of the site. These premises have already been sold to a locally based investment syndicate.
All units will be commercial service units of 350sq m, 200sq m and 150sq m each, with the option of combining units 1 and 2 to create 550sq m. The units have been allocated seven, four and three on-site car parks respectively.
The units will have a minimum stud height of 4m at the knee. Access will be via motorised roller doors.
Each of the units come with toilet and tea bench facilities, a 45-litre hot water cylinder, and fire detection systems.
Full water, wastewater, stormwater and electricity connections will be provided, while cable ducts will allow fibre internet to be connected by the occupants.
General construction will be of precast concrete panels and steel or timber frames, with long run coloursteel exterior walls, aluminium joinery, and long run zincalume roofing.
The right of way and car park areas will be fully paved and landscaped.
Anchor tenant Ideal Electrical is moving from older, smaller premises diagonally opposite the development site.
Its new premises will have a total net lettable area of 1,000sq m, including a 200sq m covered canopy.
Founded in 1936, the company is part of Paris-based Rexel International Group, a leading multinational electrical supplier.
The company has 48 branches nationwide.
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