Site's revamp to enhance CBD

An artist's impression of the finished building and above is as it stands today.

A high-profile Napier CBD building on the corner of Hastings and Emerson streets is getting a major makeover.

"They want to create a new landmark for the CBD," Bayleys agent Sam MacDonald said.

The redevelopment would breathe "new life" into the immediate vicinity and an anchor tenant would likely "help thing move quicker".

A completion date was not yet available - the new owner was in talks with Napier City Council.

A lack of carparking detracted from the desirability of the building but the new owner/developer was in a position to offer other CBD parking options, he said.

"It won't be on-site but it will be fairly close," Mr MacDonald said.

Demand for office leasing had been flat in the CBD for a number of years "but given what they are planning on doing to the building and given its location it is going to be towards the top of tenants' shopping list should they come to the market".

It has 270sq m to 540sq m options available, lift access and could be re-developed to suit new tenants.

The building's new owner had not yet settled "but obviously they are cracking on with things".

It was once the home of ANZ Bank until it merged with National Bank in 2012 and currently houses Pascoes The Jewellers and a nail salon.

Mr MacDonald said tenants' requirements had generally changed for the wider office market.