3 Napier Road, Havelock North, Hastings

Freehold investment or development opportunity

Unlock the potential of this strategically positioned commercial asset in the heart of Havelock North Village, Hawke's Bay. Offering a compelling blend of secure income and future upside, 3 Napier Road presents a rare opportunity for investors and developers alike.

The property has featured well-established businesses who have contributed to a stable and reliable income stream for many years.

Harcourts have a lease in place through to December 2027, and have given notice that they will be moving to a larger tenancy nearby, Kilt have a lease that runs through to 2028, and Unphogettable through to 2029. Depending on your motivation, there is opportunity in those timeframes for adding value via refurbished tenancies and new leases, own and occupy or have holding income whilst you plan your development.

With a clear freehold title and on site parking, this is an attractive long-term hold with strategic upside. Astute buyers will recognize how rarely opportunities arise in Havelock North, so don't miss out with tenders due on July 9th.

- Fully tenanted
- $108,400 net + GST pa
- Floor area: 344sqm
- Land area: 545sqm
- For Sale by Tender
- Tenders close: Thursday 9 July at 4:00pm

For further information or to arrange a viewing, contact the exclusive listing agent, Matt Webb from Bayleys Commercial