908 Heretaunga Street East, Parkvale, Hastings, Hawke's Bay

Exceptionally well situated on the main strip of Heretaunga Street East, this modern premises offers a diverse investment with opportunities to further add value. The commercial building is fully tenanted by Merchant Liquor with a new seven (7) year lease and the residential home attached is on a one (1) year fixed term agreement.

On Offer:

• Net income $85,000pa + GST (approximately)

• Freehold 776sqm land (more or less)

• Seven (7) year lease for the commercial property

• One (1) year fixed term for the residential property

• Exceptional profile

• On the main road, connecting Hastings to Havelock North

• Both properties has been recently renovated

• Residential building 110sqm (approximately)

• Commercial building 224sqm (approximately)

The commercial property and residential property have both undergone renovations, with the residential property having the bathroom and kitchen done, there is still upside potential to add tremendous value to it. At the rear of the site there are five allocated carparks to the commercial premise on a concreted yard, and one allocated carpark for the residential property.

Surrounded by a multitude of thriving commercial businesses along the strip, properties like this are often sought and seldom found. Prime positioning also ensures consistently high profile and traffic count. The two properties have a split-risk income stream generating approximately $85,000pa + GST.

Take advantage of this passive opportunity with a strong seven (7) year lease anchor tenant, give us a call to arrange a viewing or for further information.