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Media Release2 .2.2018Former Post Office architecture up for auction and set to bear the appurtenances for acreage investors

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One of Napier’s best celebrated Art Deco barrio – which survived the annihilative 1931 convulsion and has been absolutely convulsion adequate and adapted over the accomplished seven years – has been placed on the bazaar for sale.

Napier’s above Axial Post Office on the bend of Dickens and Hastings streets in the city’s axial business commune was congenital in 1929, but the heritage-listed Art Deco architecture was accounted convulsion decumbent in 2011. Its again ballast tenants, NZ Post and Kiwibank, confused out to acquiesce for the deepening advancement assignment to be undertaken.

Following an all-encompassing three year strengthening, refurbishing and adjustment programme completed aboriginal in 2014, the architecture has been steadily re-tenanted over the after years. Now the three storey bounds are active by some 12 altered businesses.

The ample bulk of business types includes a beard salon, adorableness parlour, an accounting firm, café, telecom abettor Vodafone, New Zealand Post, and Napier Burghal Council. Combined, the 12 tenancies aural the architecture accomplish an anniversary rental acquirement of $558,362 additional GST.

The bend armpit battleground is actuality marketed for auction by Bayleys Napier. Salesperson Sam MacDonald said businesses aural the architecture were on a ambit of assorted charter agreement addition out as far as six years, and with assorted rights of face-lifting terms.The 3185 aboveboard accent architecture sits on some 1554 aboveboard metres of acreage acreage adjoining to Napier Burghal Council’s High Dickens Street car park. The architecture is benumbed close burghal bartering – Art Deco quarter, and has a new architecture accepted (NBS) appraisement of 100 percent.“The ramifications of the Canterbury earthquakes in 2010/2011, in agreement of earlier appearance barrio accepting to be adequate to accommodated new architecture standards, has absolutely been a account for the above Napier Axial Post Office,” Mr MacDonald said.“If it hadn’t been for the new architecture accepted requirements, the celebrated Napier Axial Post Office architecture could able-bodied accept remained in a somewhat anachronous state.“The consistent new attic plate, has opened up amplitude for a greater cardinal of tenants utilising the absolute amplitude far added calmly – all of this while application the aerial ceilings, axial admission foyer, dual-story attic to beam windows, and bean façade cogitating of the city’s Art Deco precinct.”

Both the aboriginal and additional floors accept bifold admission credibility from two abstracted lobbies, and accept their own toilet and battery facilities. The building’s high levels are accessed by two new lifts.

“With assorted tenancies beyond a advance of bread-and-butter and retail sectors, the control portfolio aural 1 Dickens Street offers a spread-risk advance contour for any new broker owner,” Mr MacDonald said.

“The arena attic retail and bartering bounds adverse assimilate the board car esplanade account from a pedestrian-friendly double-width pavement outside, cloistral by an blurred awning overhead.

“With the board car esplanade anon outside, forth with metered spaces on both Hastings and Dickens streets, parking for barter visiting any of the businesses aural the above Napier Axial Post Office armpit is abundantly convenient.

“Meanwhile on the Dickens Street frontage, basic floor-to-ceiling windows accept been installed to accord those tenancies a absolute activity of amplitude and breeze to the casual bottom traffic.”

Mr MacDonald said that over the accomplished four years, this allotment of Napier’s axial business commune had undergone cogent redevelopment to affirm both its bartering and retail appeal.

“Major architecture upgrades about the old Napier Axial Post Office accommodate both the new Farmers and Kathmandu stores, the Paxie’s Lane development which connects Marine Parade with Hastings Street, and the just-completed 202 Hastings Street – the new home of Macpac” he said.

© Scoop Media

New Zealand

Bayleys is New Zealand’s better full-service absolute acreage company. We action ability in the business and auction of a advanced ambit of property, including residential absolute estate, farms and affairs blocks, and bartering and automated property. This includes tourism and business sales such as hotels and motels. We additionally awning the absolute acreage markets in Fiji and added Pacific Islands.

Bayleys additionally provides a complete acreage and accessories account including acreage administration and valuations teams focused on accomplishing both Buyer and Tenant satisfaction.

No added absolute acreage aggregation can bout our beyond of advantage beyond all bazaar sectors throughout New Zealand.

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