506 Eastbourne Street West, Hastings, Hawkes Bay

506 Eastbourne Street West, Hastings, Hawkes Bay
Secure long term Government tenants

This quality office building accommodates Ministry of Social Development (MSD) and Oranga Tamariki (OT), purpose built for these Government tenants and the property fully meets their requirements for the long term.

• Seismic assessment 100% NBS

• 2200m2 office area over two floors

• 2795m2 freehold land; this is a significant property in Hastings

• New 9-year term lease from 2021 and 4-year term respectively

• Rights of renewal until 2041

• Net income circa $530,000pa plus GST

This investment property has recently undergone a full internal upgrade, exterior repaint and new air-conditioning and LED lighting, which means all the work is done as an owner.

This property will provide long term security and is an asset to any property portfolio.

Please contact agent for full details today.