Rare site in CBD for sale
Art Deco City’s “last remaining” undeveloped, fringe commercialzoned corner site is on the market.
The CBD property, 3131sq m of freehold land, sits on the corner of Thackeray and Faraday Sts and has six titles.
The listing comprises a commercial building, two residential dwellings and vacant land.
Colliers International says the entire site is zoned fringecommercial, which allowed for uses including residential, retail and office, as well as trade supply and light industrial.
Danny Blair of Colliers Hawke’s Bay said the rare high-profile corner site was well-positioned in the heart of Napier.
The largest lot , at 65 Thackeray St, comprises an L-shaped site of 1482sq m spanning three titles. It features a 760sq m building with a “superb corner profile” that has been split into multiple tenancies.
The main tenancy is occupied by the Royal New Zealand Foundation of the Blind, and the other tenancy recently vacated.