506 Eastbourne Street West, Hastings
By Negotiation
2,795m2
2,200m2
+8
Secure long term Government tenants
This quality office building accommodates Ministry of Social Development (MSD) and Oranga Tamariki (OT), purpose built for these Government tenants and the property fully meets their requirements for the long term. • Seismic assessment 100% NBS • 2200m2 office area over two floors • 2795m2 freehold land; this is a significant property in Hastings • New 9-year term lease from 2021 and 4-year term respectively • Rights of renewal until 2041 • Net income circa $530,000pa plus GST This investment property has recently undergone a full internal upgrade, exterior repaint and new air-conditioning and LED lighting, which means all the work is done as an owner. This property will provide long term security and is an asset to any property portfolio. Please contact agent for full details today.
506 Eastbourne Street West, Hastings
Web ID
NC119878
Floor area
2,200m2
Land area
2,795m2
District rates
$17,309pa
Regional rates
$5,131 pa
LV
$1,000,000
RV
$8,140,000