620 Karamu Road, Hastings, Hastings

Hastings Opportunity!

.The property comprises a single level warehouse that includes mezzanine offices and staff amenities with a total building area of 6,400m² made up of 6,000m² retail, 300m² mezzanine and 100m² garden centre together with sealed on site car parking for approximately 180 vehicles.

Tenanted by The Warehouse Limited the premises occupies an extensive 1.53 hectare block within Central Hastings, as part of Hastings bulk retail precinct known as The Park Mega Centre. With over 100m of prime retail frontage onto Karamu Road North (State Highway 2) the site enjoys an impressive street profile.

Neighbouring bulk retail premises include Briscoes, Mitre 10 Mega, Noel Leeming and Rebel Sport within the immediate periphery which are further surrounded by a range of small to medium size commercial properties.

The Warehouse commenced a new 15 year lease from 1 March 2012 which includes 5 further 3 year rights of renewal. The rent is subject to annual CPI rent reviews that should ensure ongoing growth over a significantly long tenancy tenure.

Commercial investments of this calibre with such strong national brand tenant covenant are sought after opportunities not to be missed!