The Opportunity

Colliers is proud to present to the market for the very first time, one of Napier’s most recognised office buildings. Built in the 1980s, this well maintained building spans over three levels split into north and south wings, with an NBS rating of 100% and recent upgrades investors will be drawn to the reliable income stream and potential rental upside.

Fully tenanted, with a number of government agencies, this investment opportunity is returning circa $379,562 and with generous onsite car parking, 18-26 Bower Street presents an outstanding office asset.

Features:

Net return circa $379,562 + GST pa
Gross floor area 2235.2m²
Net lettable floor area 1950.7m²
100% NBS seismic rating
22 onsite car parks

*Boundary lines are indicative only.

Highlights

Split into thirteen distinct tendancies

The property is split into thirteen distinct tenancies, with each office having its own kitchen/kitchenette and meeting rooms along with an open plan element, all of which are easily accessed by two ground floor entrances, two internal stairwells and two lifts.

Located on the fringe of Napier’s CBD

Located on the fringe of Napier’s CBD, the property is adjacent to Noel Leeming and The Warehouse with a number of prominent professional service firms situated nearby in what is Napier’s main office precinct. Further large format retail development is proposed on Munroe Street adding to the attraction in this part of Napier.

The Agent

Ash Hames

Broker

Hawke's Bay

Licensed under the REAA 2008

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Location

Sales Process

By Negotiation

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