Registered Valuers. Registered Property Consultants. LINZ 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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