Landmark Hawke’s Bay commercial site for sale

3:10 PM Friday November 17, 2017 True Commercial

The longtime gas station site at 1143 Heretaunga St West, Hastings. Photo / Supplied

One of the most high-profile commercial development sites in the Hawke’s Bay is for sale, offering a chance to develop a landmark property in a sought-after location.

Colliers International has been exclusively appointed to market 1143 Heretaunga St West, Hastings, for sale by deadline private treaty.

Offers on the property will close November 23, unless sold earlier.

The property is featured in the latest nationwide Colliers Portfolio, launched yesterday.

The 2950sq m freehold site was previously occupied by a Caltex service station and is currently owned by Z Energy 2015 Limited, which acquired Caltex’s New Zealand service stations last year.

Marketing broker Danny Blair of Colliers International’s Havelock North office says it is a superb opportunity to acquire a high-profile corner site in one of the Hawke’s Bay’s busiest locations.

“The property offers huge exposure to passing traffic, making it ideal for retail or showroom uses.” he says.

“With bare vacant land rare in Hastings CBD, this is a fantastic opportunity for a developer to take advantage of the growth in this locality.

“Owner-occupiers could also make their mark by design-building their ideal premises on the site. The property lends itself particularly well to car sales or a fast-food restaurant.”

Blair says the property’s location, on the roundabout cornering Heretaunga St West and Pakowahi Rd, is in the heart of the established Stortford Lodge commercial area.

“The property offers large street frontages to both roads and is conveniently close to the Napier/Hastings expressway,” he says.

“Properties in close proximity include Bay Ford Mazda, two service stations, Cumberland Court Hotel and the Hawke’s Bay Hospital.”

Blair says the former Caltex buildings have been cleared from the site and the property is available now with vacant possession.

“Opportunities like this don’t come along very often, so we’re encouraging interested parties to get in touch at their earliest convenience.”