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The opportunity

This premium investment opportunity in Hastings is tenanted to Bayswater Vehicles, Hawke’s Bay’s premier dealership for leading automotive brands.

For sale by Deadline Private Treaty closing 3pm, Wednesday 30th April 2025 (unless sold prior).

Features:

Modern high end showroom
Freehold site of 4,163m²
$334,100 net rental pa + GST
Prime position at the top end of Heretaunga Street West
New 7-year initial lease from settlement with 2x3 years rights of renewal
2.5% annual increases
Extensive asphalt surfaced yard area

Highlights

Diversified income from 16 units

Representing more new car franchises than any other dealership in New Zealand, Bayswater’s portfolio includes Audi, Volkswagen, Skoda, Nissan, BYD, Mini, Hyundai, Isuzu, Subaru, Suzuki, Jaguar, Land Rover, Volvo, and BMW.

Secured by a new 7-year initial lease from settlement with 2x3 years rights of renewal, the property returns $334,100 net per annum + GST, with fixed 2.5% annual rental increases and market reviews every five years, ensuring strong income growth.

Excellent industrial location

Positioned in a high-profile location at the Stortford Lodge roundabout, the property boasts dual frontage to Heretaunga Street West and Stortford Street, maximizing exposure.

Sitting on a substantial 4,163m² freehold site, the modern premises includes a high-quality 477.5m² showroom with a mezzanine office and an attached 657.2m² workshop, constructed circa 2015/16.

This is a rare opportunity to secure a blue-chip asset in a prime location with a nationally recognised tenant.

Contact Danny Blair today for further information.

The agents

Danny Blair

Broker
Hawke's Bay

danny.blair@colliers.com

Licensed under the REAA 2008

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Location

Sale process

For sale by Deadline Private Treaty closing 3pm, Wednesday 30th April 2025 (unless sold prior).

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