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• 6-year lease renewal from May 2022
• $43,200 net lease with market review
• Main arterial road location
• 90% NBS
Tenanted by one of Hawke's Bay's most popular foodies and located on Napier's CBD fringe on a main arterial between Napier, the Napier residential suburbs, and the State highway. A popular and busy suburban shopping centre offering all the suburban essentials including pharmacy, retail, ATM's, Four Square, bakeries, other restaurants, hairdressers, liquor store, and a proposed laundromat.
A national tenant with six-years of history in this location with a May 2022 six year renewal confirmed at $43,200 (net plus GST). A strong asset founded on its 90% NBS structural integrity, and public parking right at the front door. Upgrades proposed by Council make this an even more attractive proposition for the intelligent investment buyer.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.69 km | 2 | 1 | 120m2 | 2024年04月18日 | $630,000 | Council approved | |
 | 0.20 km | 5 | 2 | -m2 | 2024年02月19日 | $880,000 | Council approved | |
 | 0.42 km | 2 | 1 | -m2 | 2023年12月18日 | $563,000 | Council approved | |
 | 0.36 km | 3 | 1 | -m2 | 2023年12月14日 | $620,000 | Council approved | |
 | 0.39 km | 4 | 2 | -m2 | 2023年12月04日 | $868,000 | Council approved |