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Vogeltown - New Plymouth District, 132 Carrington Street

Vogeltown Investment

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Listing Number: NP6543
About this listing

SOLD - This listing was sold in March 2017.

Suburban investment in lower Vogeltown being a two storied commercial building constructed circa 1920's. There are two retail tenancies on the ground floor and a two bedroom residential flat on the first floor.
This property is situated 1.4 kilometers south of central New Plymouth. The three combined leases provide an income of $31,200.00 per annum gross. The net income is approximately $26,864.00 per annum plus GST. The ground floor is 94m² and the first floor is 75m². Extensive renovations have set this investment for the new owner. An engineers report is available.

Land Area: 243m²

Rentable Area: 169m²

Rating Value: $290,000

Rates Annual : $1,723.31 and $2,410.47

Insurance: $1,500.00 per annum approx

For Sale: $340,000 plus GST
Property Information
  • Land Size: 243 sqm
  • Tenure: Fee Simple
  • Property Type: Office
  • Tenancy: Total rental if more than 1 tenancy $ (+ GST): 31200.00
  • Tenancy 1: Commencement Date: 18 July 2016, Rental net/gross p.a.: 71800.00, Rights of Renewal: 2x 3yrs, Tenant Name: Dovetail, Term (years): 3 years
  • Tenancy 2: Commencement Date: 22 March 2013, Rental net/gross p.a.: 15600.00, Rights of Renewal: 5x 2yrs, Tenant Name: Tasty India, Term (years): 2 years

Contact Details

Harcourts New Plymouth

Team Taranaki Ltd

Licensed REAA 2008

51 Devon St West
New Plymouth
Office website

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