Colliers Hawkes Bay are pleased to be appointed the agents to market and sell this great investment opportunity.
The building accommodates Ministry of Social Development and Oranga Tamariki and has been extensively upgraded to include seismic strengthening, a full internal upgrade, exterior repaint and new balcony. Split across two floors on two separate leases, the asset offers solid risk diversity.
Both departments have seen recent growth, with MSD being the second largest Public Service Department in NZ, and OT receiving significant funding to support new legislative obligations. The building’s interior features are the latest and preferred layout schemes for both departments, providing security and future-proofing the investment.
The property is central to the CBD and boasts one of the best carpark to office ratios in Hastings, with further upside available in the 18 additional unleased carparks.
For further information please call Danny Blair on 021 826 496.
Features:
* Fixed growth mechanisms
* 48 onsite carparks
* New extensive redevelopment
* Electric vehicle charging stations
* 100% NBS Rating
