816 Karamu Road North, Mayfair, Hastings 4122, New Zealand
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ADDED 4 DAYS AGO
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Property Introduction
Strong tenanted investment; $102,000 net income
• New 6 year lease from August 2025
• $102,000 plus GST and outgoings with annual 3% fixed rental growth
• Exceptional location and zoning
• Quality asset on 1,319sqm (more or less) freehold site
A perfect first commercial investment or one to add to the portfolio. Exceptionally well presented is this rear warehouse unit with concrete yard attractively located on the fringe of the Hastings CBD and the popular Karamu Road arterial link.
A very strong tenant covenant with a new 6-year lease locked in from 1 August 2025 starting at $102,000 plus GST and outgoings with two renewals of a further seven years (combined) will make this a popular option. Annual 3% rental increases, a quality asset, and the extensive tenant fitout further secures your investment at this tightly held location.
A straight-forward decision awaits you here. Contact us now to arrange your private viewing or for further information.
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Property Introduction
