112 Kennedy Road, Napier Napier City apartment with separate income

Available PropertyFiles:

Property Description

• Inner-city upstairs-downstairs apartment with income
• Freehold title in popular suburban shopping centre
• Recently strengthened to above 80% NBS
• Café tenant happy to extend existing lease

Dual income or live in the Napier City fringe and have some of Napier’s finest coffee right downstairs. Recently refurbished and strengthened building (to above 80% NBS) in the popular Marewa shopping centre, on the famous tree-lined Kennedy Road just 900m easy walk from the city, and onto the Marine Parade waterfront precinct.

Anchoring the shopping centre, downstairs offers a 115sqm retail space currently leased to local coffee institution Birdy’s Coffee House. In addition, amenities and two additional office/storage/retail spaces complete the floor. Secure rear access enters onto a leased carpark area from the service land at the rear of the centre.

Upstairs is a spacious and thoughtfully renovated two-bed residential apartment with dual pedestrian access either to the rear carpark, or via a stairway to Kennedy Road. Loft style windows provide exceptional natural light and a view through to Napier Hill and beyond.

Options meet convenience at this well-located multi-tenancy property. Whether an addition to your investment portfolio, home and income, Air BnB, or a city flat for your kids or parents, this opportunity is not to be overlooked.

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Terms of Supply

This information has been supplied by the vendor or the vendor’s agents to Bayleys. Accordingly, Bayleys, Eastern Realty Limited and Kerry Geange are merely passing over the information as supplied to us. We cannot guarantee its accuracy and reliability as we have not checked, audited or reviewed the information and all intending purchasers are advised to conduct their own due diligence investigation into the same.

All parties are strongly encouraged to take their own advice in respect of passed over information, including confirming it is complete and fit for purpose.

To the maximum extent permitted by law Bayleys, Eastern Realty Limited and Kerry Geange do not accept any responsibility to any person for the accuracy of the information herein.

Contact Kerry Geange

Eastern Realty Limited

Licensed under the REA Act 2008

0275432643   kerry.geange@bayleys.co.nz   All Listings

After growing up in the Wairarapa, schooling in Greytown and being awarded an Honour's Degree in Planning had a career of almost 20-years of experience as a consultant planner in NZ and the UK. Multi-million dollar private and public projects as an expert, negotiation, programme management, and sitting on high profile project boards, including for the Mayor of London on the world leading Central London Congestion Charging Scheme were among his highlights.

This impressive and successful background has shifted well into commercial real estate, with Kerry central in successful sales of over $150m in property in 2021. Kerry has built a reputation of professionalism, honest real estate, and working in the interest of clients.