Cash Flow

318-322, Heretaunga Street West, Hastings Central, Hastings

By Negotiation

Proposed Usage
Development Site
Floor Area
400.00 m²
Land Area
1093.00 m²
Property ID

This well located 1930's property is situated on the busy Heretaunga Street West that runs through the centre of the CBD in Hastings city. It is positioned on the sunny side of the 300 block and offers a central busy location. The property boasts a large retail frontage of 20.5m and currently comprises two tenancies, however in the future the building could be split down naturally to six tenancies. At the rear of the property a lane way is used that connects Nelson Street and King Street that services the rear of the shops for service delivery. Also, the surplus car parking of 9 car parks are leased out. Here is an opportunity to own a unique piece of Hastings history. Built in 1934, the building totals 400m2 (approx) and sits independently on a 1093m2 section. Partially re-roofed and of good construction with character Art Deco features add to the attraction.
Property Features:
* Central Location
* 20 metre street frontage
* Freehold site
* Fully tenanted
* Total Net income $35,254

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Hastings Central Area