989m² leasehold land
Approximately 1,015m² floor area
Mortgagee sale
78% NBS seismic rating
21 year ground lease from November 2009
$54,350.96 net rental per annum (approx)



A multi-tenanted, corner property on one of Napier’s busiest arterial routes – 144 Kennedy Rd ticks a lot of boxes. This leasehold property has over 80% occupancy, a strong passing rental income, massive development potential and a tonne of onsite parking, the fundamentals of a sound investment are all here. Seismic rating = 78% NBS. Strong returns are on offer with potential development upside -

144 Kennedy’s worth serious consideration.