High profile Hastings corner site

2:53 PM Friday November 10, 2017 True Commercial

The corner property at 1143 Heretaunga St West has huge exposure to passing traffic. Photo / Supplied

A high-profile commercial development site is for sale in Hastings, presenting a chance to develop a landmark property in a sought-after location.

Colliers International is marketing 1143 Heretaunga St West, Hastings, for sale by deadline private treaty with offers closing on November 23, unless sold earlier.

The property is featured in the latest nationwide Colliers Portfolio, launched yesterday.

The 2950sq m freehold site was previously occupied by a Caltex service station and is now owned by Z Energy 2015 Ltd, which acquired Caltex’s New Zealand service stations last year.

Marketing broker Danny Blair of the agency’s Havelock North office sees a superb opportunity to acquire a high-profile corner site in one of the Hawke’s Bay’s busiest locations.

“The property has huge exposure to passing traffic, making it ideal for retail or showroom uses,” he says.

Blair says the former Caltex buildings have been cleared from the site and the property is available now with vacant possession.

“With bare land very rare in Hastings CBD, this is a good opportunity for a developer to take advantage of the growth in this locality.

“Owner-occupiers could also make their mark by design-building their ideal premises on the site.

“The property lends itself particularly well to car sales or a fast food restaurant, making it a must-see for businesses in the automotive and fast food sectors.”

Blair says the property’s location, on the roundabout cornering Heretaunga St West and Pakowahi Rd, is in the heart of the established Stortford Lodge commercial area.

“It has large street frontages to both roads and is conveniently close to the Napier/Hastings expressway,” he says.

“Properties close by include Bay Ford Mazda, two service stations, Cumberland Court Hotel and the Hawke’s Bay Hospital.”