Big value add opportunity with existing income

190, Emerson Street, Napier South, Napier

$1,425,000

Proposed Usage
Industrial
Floor Area
810.00 m²
Land Area
505.00 m²
Description:
Property ID
1c21v3n

- Single freehold title consisting of two buildings and dual street frontage
- Partially tenanted by Cotton On Clothing (NZ) Ltd t/a Supre
- High seismic ratings - 100% and 72% NBS
- Upper level vacancies, ground floor vacancy on Tennyson Street side

This unique property consists of two buildings and enjoys dual frontage to both Emerson and Tennyson Streets. Partially occupied by a large, national retailer and with high seismic ratings there is plenty of add value opportunity here - explore hospitality, retail, office or residential use throughout the various vacant areas. Ideally positioned on Napier's main retail street with the Municipal Theatre positioned directly opposite on the northerly side of Tennyson Street.

- Land Area 505sqm (more or less)
- Total Floor Area 810sqm (approximately)
- Zoning Inner City Commercial - Art Deco Quarter
- Current rental $90,000 plus GST p.a.

Enquire about this property

Napier South Area