The Opportunity

This property stands out with its substantial site area of 6,623m², prominently positioned on a prime corner site that offers excellent exposure along one of the main city arterial routes heading south out of Hastings.

For Sale by Deadline Private Treaty closing 3pm, Tuesday 30th July 2024 (unless sold prior).

Contact Danny Blair today for further information.

Features:

Holding income until July 2025
Prime corner site
Easy access to major transport routes

Highlights

Prime corner site

The substantial 1,023.9m² trade retail warehouse, formerly a Farmlands retail store and offices (total floor area 1,531m²), will be vacant July 2025. This presents a prime opportunity for owner-occupiers, developers and investors to utilise the space or further develop the site, which includes approximately 1,000m² of excess bare land.

Easy access to major transport routes

Ovation New Zealand Limited, a 100% New Zealand-owned processing and exporting company occupy the first-floor office accommodation and are willing to engage with potential purchasers during due diligence to negotiate a long term lease at a market rental, the final expiry on their current lease term expiring June 2025. In addition, Ovation New Zealand Limited are open to leasing more ground floor space if available.

This property offers an exciting opportunity with solid holding income while providing the flexibility to occupy or tenant the remaining site.

The Agent

Danny Blair

Broker

Hawke's Bay (Commercial)
danny.blair@colliers.com

Licensed under the REAA 2008

CONTACT NOW

Location

Sales Process

For Sale by Deadline Private Treaty closing 3pm, Tuesday 30th July 2024 (unless sold prior).

Enquire

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