Finally for sale! Hold, improve or redevelop

135-137, Frederick Street East, Mayfair, Hastings

Auction

Proposed Usage
Industrial
Description:
Property ID
1c76rv8

This high profile property is located on a busy suburban thoroughfare and sits just a short distance from a major intersection with Karamu Road, one of the main arterial routes between Hastings and Napier.

Comprising a rectangular shaped land area with large road frontage the building improvements on site are of mixed age. The original factory building (built circa 1950) of approximately 787sqm consists of four occupants and one vacancy. The newer, high stud workshop (circa 1990) is approximately 338sqm in size and is currently utilised by an established car care services business.

Held by the same family for an extended period this property is now ripe for add-value improvement for a range of uses. Integrate the existing improvements or contemplate a full redevelopment, the choice is yours. The owners circumstances now call for sale, do not miss your opportunity to purchase.

• Land area 2,023sqm (more or less)
• Total floor area 1,125sqm (approximately)
• Zoning, Suburban Commercial under the Hastings District Plan
• Multi tenanted with approximate income of $37,013 plus GST p.a.

Auction (will not be sold prior) 11am, Friday 6 December, 52 Bridge Street, Ahuriri, Napier
.

Enquire about this property

Mayfair Area