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
• Tenanted by Cotton On Clothing (NZ) Ltd t/a Supre and Madisons Living Ltd
• Current rental income of $110,000 p.a. plus GST
• High seismic ratings - 100% and 72% NBS
• Upper level vacancies - excellent add value opportunity
This unique property consists of two buildings and enjoys dual frontage to both Emerson and Tennyson Streets. Ideally positioned on Napier's main retail street with the Municipal Theatre positioned directly opposite on the northerly side.
With solid cash flow currently locked in the future development opportunities here will excite you!
• Land Area 505sqm (more or less)
• Total Floor Area 810sqm (approximately)
• Zoning Inner City Commercial - Art Deco Quarter

Enquire about this property

Napier South Area