Investment Building - National Tenant
124, Market Street, Hastings Central, Hastings
- Proposed Usage
- Floor Area
- 750.00 m²
- Land Area
- 1085.00 m²
- Property ID
FOR SALE: $2,488,293 @ 7.5% yield.
- $186,622 of net income from national tenants (Spark, Co-operative Bank) and Secured Vendor Guarantee
- WALT of 4.2 years
- 70% of NBS
- Freehold unit title
Ground floor for sale with 945sqm of tenanted retail/offices. Properties of this calibre are tightly held, and there is limited high quality stock available around the country.
Structurally sound and standing three stories high with long facades it is strategically located in the respected business services district of Hastings. The building is surrounded by other businesses including six banks, legal, financial and corporate companies. The property dominates an important corner site in the Hastings CBD, has easy vehicle access and is surrounded by national tenants.
Used as a high end retail and office accommodation, the properties enjoy many improvements such as high ceilings, open plan, fibre cabling for super speed data, natural light and many more features for tenants to enjoy. Comprising of three adjoining freehold titles with a total of 1007sqm of flat land. It is a level site with regular shape having a frontage width of some 30 metres and depth of some 35 metres.
The locality is rated as one of the preferred commercial locations within the city. Very good identification is obtained from large volumes of passing vehicular traffic and its grand presence is admired with high aesthetic value..