Sold Property

131 Heretaunga Street East, Hastings City, Hawkes Bay 4122

  • 1719
  • 1230 m2

$1,855,000

Enticing Investment Opportunity

- 1230 sqm of floor area
- 1719 sqm of land
- Ample parking
- Prominent corner profile
- Hastings CBD location
- Two tenants in place
- Current income of $160, 000 net +GST per annum
- Future redevelopment opportunity

Here is an exclusive opportunity to own a sizeable and historic commercial property in the heart of Hastings, Hawke's Bay.
With 1230sqm of floor area, the building is significant and a real feature of the Hastings CBD.
Bar 2013 and Breakers Restaurant make up the two tenancies and provide a prospective purchaser with $160, 000 +GST of net income.
With exclusive parking, the ability to add value through future development, as well as a thriving hospitality precinct nearby, 131 Heretaunga Street East represents an enticing proposition for a range of purchasers.
Call, email or text the listing agents to register your interest. Property ID: #HA27285

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Sold Date

  • 28 April, 2021

Property features

  • Property Type: Other (Commercial)
  • Retail Square Metres: 1230
  • Uncovered: 10
  • Property Details: Tenanted Investment
  • Zone: Central Commercial
  • Tenure: Fee Simple
  • Chattels remaining: Light fittings, Breakers Chattels: Breakers Chattels: Booth seating, walk-in chiller, light fittings, upstairs bar, salad bar, upstairs air conditioning (ducted), kitchen ducting, kitchen steel benches Billy's Chattels: Both bar units
  • Video Tour URL: https://www.youtube.com/watch?v=BETjaUwxff4&feature
  • Tenancy 1: Commencement Date: 24 June 2014, Expiry Date: 23 June 2024, Rental net/gross p.a.: 45000, Review Dates: 24/06/2016 then every 2 years, Rights of Renewal: 1 x 4 then 1 x 2, Tenant Name: Bar 2013, Term (years): 4 years
  • Tenancy 2: Commencement Date: 12 March 2011, Expiry Date: 11 March 2022, Rental net/gross p.a.: 115000, Review Dates: 11/03/2028 final expiry date, Rights of Renewal: 2 x 3years, Tenant Name: Breakers
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Office

Harcourts Hastings

Licensed under REAA 2008

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Est. bond $1920
  • 1719
  • 1230 m2

Sold Property

131 Heretaunga Street East, Hastings City, Hawkes Bay 4122

$1,855,000

Enticing Investment Opportunity

- 1230 sqm of floor area
- 1719 sqm of land
- Ample parking
- Prominent corner profile
- Hastings CBD location
- Two tenants in place
- Current income of $160, 000 net +GST per annum
- Future redevelopment opportunity

Here is an exclusive opportunity to own a sizeable and historic commercial property in the heart of Hastings, Hawke's Bay.
With 1230sqm of floor area, the building is significant and a real feature of the Hastings CBD.
Bar 2013 and Breakers Restaurant make up the two tenancies and provide a prospective purchaser with $160, 000 +GST of net income.
With exclusive parking, the ability to add value through future development, as well as a thriving hospitality precinct nearby, 131 Heretaunga Street East represents an enticing proposition for a range of purchasers.
Call, email or text the listing agents to register your interest. Property ID: #HA27285

Property Features

  • Property Type: Other (Commercial)
  • Retail Square Metres: 1230
  • Uncovered: 10
  • Property Details: Tenanted Investment
  • Zone: Central Commercial
  • Tenure: Fee Simple
  • Chattels remaining: Light fittings, Breakers Chattels: Breakers Chattels: Booth seating, walk-in chiller, light fittings, upstairs bar, salad bar, upstairs air conditioning (ducted), kitchen ducting, kitchen steel benches Billy's Chattels: Both bar units
  • Video Tour URL: https://www.youtube.com/watch?v=BETjaUwxff4&feature
  • Tenancy 1: Commencement Date: 24 June 2014, Expiry Date: 23 June 2024, Rental net/gross p.a.: 45000, Review Dates: 24/06/2016 then every 2 years, Rights of Renewal: 1 x 4 then 1 x 2, Tenant Name: Bar 2013, Term (years): 4 years
  • Tenancy 2: Commencement Date: 12 March 2011, Expiry Date: 11 March 2022, Rental net/gross p.a.: 115000, Review Dates: 11/03/2028 final expiry date, Rights of Renewal: 2 x 3years, Tenant Name: Breakers
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Sold Date

  • 28 April, 2021
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Harcourts Hastings

Office Harcourts Hastings Licensed under REAA 2008

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