The well-known Bay Espresso cafe site in Hastings is up for sale.
Located on a busy road between Napier and Hastings, the large 5059m² parcel of land on State Highway 2 in Hastings is for sale by negotiation, through Colliers International.
Colliers International sales broker Danny Blair said the site offered a variety of income streams for a savvy investor.
Currently, Bay Espresso and Johnny Appleseed holds the two leases on the site which bring in a net rental income of around $165,574 per year - with potential for this to increase.
The front portion of the cafe is leased to Bay Espresso, housing a cafe and car parking to the side. The long-standing tenant owns a chain of successful cafes throughout Hawke's Bay, on a three year term with further rights of renewal.