An affordable commercial investment property at Hastings is for sale with a long-term lease backed by Hawke's Bay's leading real estate group.
Colliers International Broker Danny Blair is marketing 120 Market St North, Hastings, for sale by negotiation.
On a 483sq m freehold site, the 280sq m retail building is for sale with a long-term lease to Tremains Rentals, part of the Tremain Group, which covers the Hawke's Bay property market under the Tremains, Colliers International and Sotheby's brands.
Blair says the sale presents an opportunity to purchase an affordable commercial property investment in the heart of Hastings.
"It has been refurbished to a very high standard with a quality fit out, great lighting, polished concrete floors and large glazed frontage. Tremains Rentals is on a six-year lease from settlement, paying $91,000 in net annual rent.