Two prime leasing opportunities have become available in a newly refurbished commercial block strategically positioned between Havelock North and Hastings, presenting a rare dual chance for businesses to establish themselves on one of Hawke’s Bay’s busiest commuter corridors, Bayleys brokers say.

Jodie Woodfield of Bayleys Hawke’s Bay is marketing the vacancies at 1101 Heretaunga Street East for lease by negotiation alongside colleague Kerry Geange.

“These spaces are extremely versatile and lend themselves for use by a variety of businesses – from retail to professional services and hospitality. With a recent refurbishment complete and two popular eateries next door, the block is ready to welcome tenants looking for high visibility and strong community support.

“The building has undergone significant recent upgrades, including seismic strengthening to 70 percent of NBS, re-cladding at the rear, and a fresh coat of paint - ensuring it meets the demands of discerning occupiers. The enhancement reflects broader trends in the Hawke’s Bay leasing market, where tenants are seeking quality spaces in vibrant, well-connected locations,” Woodfield says.

Unit 4 occupies the eastern corner of the four-unit block, with street front profile and 61sqm (more or less) of internal floorspace, while Unit 3 next door spans 58sqm.

Both feature newly installed kitchenettes, upgraded lighting, and a sealed car park exclusive to the tenancies. General parking on both sides of the road adds convenience for customers and clients.

Bayleys Hawke’s Bay director Kerry Geange highlights that the units can be combined to create more than 120sqm of premium retail space, offering larger occupiers an exceptional opportunity to capitalise on the prime location, extensive recent upgrades and competitive leasing terms.

“Our landlord here is pro-business and dedicated to supporting tenants to enhance the local economy, offering an outstanding opportunity for businesses to thrive in a collaborative and growth-oriented environment.

“The Hawke’s Bay region continues to attract occupiers across diverse industries, driven by strong population growth and a vibrant economy anchored by the primary sector. This growth bolsters the service industry, underpinning retail expansion and creating a solid operation environment for businesses to prosper.

“The population in the Bay is on track to reach 200,000 shortly. The critical mass of residents is enhancing the viability of intensified residential and commercial developments, especially in high-traffic areas like Parkvale.”

Existing tenants within the block underscore its potential as a vibrant commercial destination. Long-term tenant Mac’s Fish Supply – a popular local eatery, has recently renewed its lease for five years, while a new restaurant is set to open in Unit 1 on the corner of Lumsden Road.

“Together, the businesses are laying the foundation of what could be a bustling food hub or hospitality precinct servicing an established residential catchment,” Geange says.

“With local and central governments investing heavily in transformative infrastructure projects, the region’s commercial landscape is becoming increasingly attractive for business owners and operators.

“This is an excellent time to secure a space in this high visibility block, especially with the summer bringing increased foot traffic and visitation. These units offer the perfect platform for businesses looking to make their mark in the region, with a ready-made customer base and the benefit of a vibrant mix of neighbouring tenants, modern facilities and exceptional exposure to one of Hawke’s Bay’s busiest commuter routes.”