Hastings Key Commercial Land Sale

Registered ValuersRegistered Property ConsultantsLINZ Accredited.  Hawke’s Bay-based premium quality valuation and creative property strategy©.  Leading +$0.5b acquisitions-disposals NZ-wide for 23 years.  Valuation litigation and commercial property specialists.  Development and public land specialists. Property economy analysts and commentators – for Press.

2021 sale $619 per m² to a St Pierre’s Sushi company.  The prior sale in 2018 reflected $420 per m².

 

Hastings Key Land Sale at 1143 Heretaunga St West

Hawke’s Bay commercial-industrial land values continue to demonstrate strong value growth.  Land values were tracking upwards in 2018-19 and since COVID have firmed further.

The recently confirmed resale of 3 titles commercial land 2,950 m² at 1143 Heretaunga Street West Hastings (former Caltex site), was $1.825m.  The Bayleys sale demonstrates a 47% increase on the February 2018 sale $1.240m for this prime site right on the Stortford Lodge roundabout.  It is situated opposite BP.

 

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