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Parkvale 811 Heretaunga Street, Parkvale

ID HC226261
Buyers $700,000+

Dual income commercial asset

Positioned on a highly visible arterial route, 811 Heretaunga Street East offers a versatile commercial opportunity appealing to both investors and owner-occupiers. Located just minutes from both the Hastings CBD (approx. 3-minute drive) and Havelock North (approx. 8-minute drive), the property benefits from excellent connectivity and access to two of Hawke's Bay's key commercial hubs.

The property features a converted 200m2 (approx.) house set on a generous 1,138m2 (more or less) landholding, providing strong exposure and accessibility. With two tenancies in place, the property generates a net rental of $69,832.88 p.a., with all outgoings paid by the tenants, delivering a low-maintenance, passive income stream. The dual-tenancy configuration also offers flexibility - ideal for an owner-operator seeking to occupy part of the building while retaining income from the second tenancy.

Key Investment Highlights:
- High-profile arterial location
- Approx. 3 mins to Hastings CBD | 8 mins to Havelock North
- Two tenancies providing diversified income
- Net rental: $69,832.88 p.a.
- Outgoings paid by tenants
- Owner-occupier or investment opportunity

A well-located commercial asset combining income, flexibility, and strategic positioning in a sought-after Hawke's Bay location.

Call Property Brokers today to arrange a viewing.
Features
Area | 200.00m2Land | 1.14 m2Rates | $8,410.69Regional rates | $629.44LV | $500,000RV | $580,000
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Nigel Edge

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