Highly Motivated Vendor Demands Action!
36, Munroe Street, Napier South, Napier
- Proposed Usage
- Floor Area
- 3688.00 m²
- Land Area
- 1152.00 m²
- Property ID
Invest in the ongoing success story of the Hawke's Bay region with these diverse units situated in
an iconic modern office complex. Home to Price Waterhouse Coopers and a host of other national and local businesses the property sits on a prominent, fringe CBD corner and is located directly
opposite one of Napier's busiest supermarkets.
-Four of five unit titles comprising 97.48% of the building's total unit entitlement offered for sale
-Purchase individually or a combination of available units
-Attractive five level commercial building located on a prominent corner site
-Approximate total net passing income of $496,064 p.a with a current occupancy rate of 93.7%
-Weighted average lease term approximately 3.2 years
-Approximate land area 1,152sqm
-Approximate total rentable floor area 3,688sqm
-Seismic Rating 89% NBS
-33 on-site carparks (30 covered)
24 tenancies in place, spread over four unit titles.
-Unit 1 (Ground and 1st Floor excluding units 1 and 3) has 12 tenancies with a net passing income of $161,929 p.a
-Unit 2 (Ground Floor) is a single tenancy with a net passing income of $31,160 p.a
-Unit 3 is owned separately and is excluded from this sale
-Unit 4 (Second Floor) has nine tenancies with a net passing income of $107,207 p.a
-Unit 5 (Third Floor) is a single tenancy with a net passing income of $195,768 p.a
Our client's instructions are clear - bring all offers for consideration.
Further details upon request.
Tenders Close 4pm, Thursday 2nd November 2017 at the Daily Telegraph Building, 49 Tennyson Street, Napier.