Colliers Logo for Web-1

Multi Tenanted Mixed Use Investment

2,126 sqm Freehold title | Total net rental $147,604 net pa + GST | Unmatched profile & street appeal

 
 
9 Herbert Street Carousel 1
9 Herbert Street Carousel 2
9 Herbert Street Carousel 4
9 Herbert Street Carousel 3
9 Herbert Street Carousel 5

The Opportunity

9 Herbert Street is one of the most recognisable and iconic properties within Waipukurau, and has been for close to two decades following a full renovation of the property in 2003/2004. The renovation involved the existing property being fully converted from a traditional sawtooth warehouse, into a wonderfully modern office space, with additional retail and office tenancies.

For sale by Deadline Private Treaty closing 4:00pm, Thursday 15th December 2021 (unless sold prior).

Features: 

  • Total net rental $147,604 net pa + GST.
  • Unmatched profile and street appeal
  • 28 on-site carparks
  • Excellent tenant covenant

*Boundary lines are indicative only.


Highlights

9 Herbert Street Feature Image 1

The property provides unlimited exposure and profile

The property provides unlimited exposure and profile, being the first and center building received when entering Waipukurau from the north.   A multi tenanted investment, the properties anchor tenant is DAC Legal, plus further tenancies leased to Project Haus and Subway.

9 Herbert Street Feature Image 2

The net rental from DAC Legal, Project Haus and Subway equates to $147,604

Overall, the property has a total floor area of 1,350m² and freehold land area of 2,126m². The net rental from DAC Legal, Project Haus and Subway equates to $147,604.  There is also an opportunity for the incoming vendor to add significant value, with a vacant office space + garage/storage available to be leased as one or separately.  This would increase the net rental to $168,000.


The Agents

Calum Ironside-1

Calum Ironside

Broker

Hawke's Bay Commercial

Licensed under the REA 2008

Danny Blair Image

Danny Blair

Broker

Hawke's Bay Commercial

Licensed under the REA 2008


Location


Sales Process

DEADLINE PRIVATE TREATY 15TH DEC 2021 4PM (UNLESS SOLD PRIOR)


Enquire Today