High-profile commercial site for sale

A 2940 sq m site at 1143 Heretaunga St West, Hastings is up for sale by deadline treaty. Photo/Supplied

A high-profile commercial development site in Hawke's Bay is for sale.

The 2940sq m freehold site at 1143 Heretaunga St West, Hastings, is up for sale by deadline private treaty with Colliers International.

It was previously occupied by a Caltex service station and is currently owned by Z Energy 2015 Limited which acquired Caltex's New Zealand service stations last year.

Marketing broker Danny Blair, of Colliers International's Havelock North office, said it is a superb opportunity to acquire a high-profile corner site in one of Hawke's Bay's busiest locations.

There is the opportunity to develop a landmark new retail or a showroom property in a sought-after area, he said.

"The property offers huge exposure to passing traffic, making it ideal for retail or showroom uses.

"With bare vacant land very rare in Hastings CBD, this is a fantastic opportunity for a developer to take advantage of the growth in this locality."

Owner-occupiers could also make their mark by design-building their ideal premises on the site, Mr Blair said.

"The property lends itself particularly well to convenience food retail or car sales, making it a must-see for businesses in the automotive and fast food sectors."

The property's location, on the roundabout cornering Heretaunga St West and Pakowhai Rd, is in the heart of the established Stortford Lodge commercial area.

"The property offers large street frontages to both roads and is conveniently close to the Napier/Hastings expressway," he said.

"Properties in close proximity include Bay Ford Mazda, two service stations, Cumberland Court Hotel and the Hawke's Bay Hospital."

The property is zoned Commercial Service, making it suitable for a range of commercial uses, including office, retail and showrooms use.

The former Caltex buildings have been cleared from the site and the property is available now with vacant possession.

"The site has some hydrocarbon contamination from its former use, but the vendor is committed to ensuring the site is clear of contamination to offer a compelling development opportunity," Mr Blair said.

"Opportunities like this don't come along very often, so we're encouraging interested parties to get in touch at their earliest convenience."

Offers on the property close on Thursday, November 23 at 4pm, unless sold prior.