150 Dickens Street, Napier South, Napier

CBD location seriously for sale!

• Multiple options - retain or redevelop, live in or lease out
• Gross contract rent of $55,640 + GST
• Five tenancies in total

Your opportunity is now to acquire this multi-tenanted asset located between the retail and civic precincts, directly adjoining a sunny inner-city open space and busy cross-city pedestrian link.

Currently 100% occupied across its four commercial tenancies (three individual tenants), and a vacant 2-3 bed inner city apartment including interior lightwell & greenspace and a private rooftop courtyard enjoying Napier Hill and city views. Live and work from home opportunity, rent out your dual off-street carparking, or optimise your income by letting the apartment.

Start planning now to add some significant value to create a boutique laneway development and accommodation.

Gross contract rental of $55,600, plus an appraised market rental of $530-$560 per week as a long-term rental for the first-floor residential unit or options to capitalise on the popular short term rental market in Napier City.

The vendor of 25 years has plans and has made our instruction to sell very clear. Make the most of your opportunity to be part of the Hawke's Bay growth.