Invest or Occupy with Water Rights

38, Whakatu Road, Whakatu, Hastings

Expressions Of Interest

Proposed Usage
Industrial
Floor Area
1122.00 m²
Description:
Property ID
1c4m7y5

CBRE (Agency) Limited and Colliers International are pleased to present to the market for sale 38 Whakatu Road, Hastings.
With a low site coverage, holding income and rarely found water bottling rights, this property presents an exciting opportunity for developers, owner-occupiers, and investors alike.

Key features:
- One hectare corner site with low site coverage and good street profile
- 1,122sqm modern warehouse and office space (approximately)
- Water rights to bore and extract substantial literage
- Two tenancies currently occupying
- Returning $192,000 + GST and outgoings

Whakatu is a satellite settlement located by State Highway 2, approximately 7km north-east of Hastings and 14km south of Napier.Whakatu is easily accessible from major transportation routes with a newly completed new arterial which has further improved access to the area and Napier Port. Services to industrial properties in Whakatu are limited with services available to specific sites in the Industrial Park.

This property is available for sale via International Expressions of Interest closing Thursday 7 March 2019 at 4pm (unless sold prior)

For more information, or to arrange an inspection, please contact the exclusive listing agents below and quote the listing ID.

Chad Greer
022 650 8044 or (09) 573 3333
chad.greer@cbre.co.nz

or

Rob Nankervis
027 228 5291 (06) 834 0172
rob.nankervis@colliers.com

Listing ID: 19293496Q1

For more options, visit:
propertyconnector.cbre.co.nz

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Whakatu Area