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New Plymouth, 28 Devon Street East

CBD New Plymouth Investment

$450,000 Plus GST (if any)

Listing Number: NP6709
About this listing
This Retail Investment property on the hill is situated in the heart of New Plymouths' retail CBD and has a sunny north facing position in a strong central retail location.
Tenanted for some sixteen years, the Investment will return you 6.8% net (approximately).

The property also has the benefit of a ROW access off Church Lane from Courtenay Street and provides a rear car park and staff entry. There is scope for the future here to further develop the land at the rear of this retail shop.

Inspection by appointment only!

Earthquake Rating: Seismic C
Land area: 248m2
Building area: 150m2
Annual Rates: $7,645.75

For Sale: $450,000.00 plus GST
Property Information
  • Approx Floor Area: 150 sqm
  • Land Size: 248 sqm
  • Tenure: Fee Simple
  • Parking: Uncovered: 2
  • Property Type: Retail
  • Approx Floor Area
    • Retail Square Metres: 150
  • Tenancy 1: Commencement Date: 01 April 2013, Expiry Date: 31 March 2028, Rental net/gross p.a.: 30000, Review Dates: 2x yearly (01/04/2018), Rights of Renewal: 2x 5, Tenant Name: Kudos Clothing, Term (years): 5

Contact Details

Harcourts New Plymouth

Team Taranaki Ltd

Licensed REAA 2008

51 Devon St West
New Plymouth
Office website

Property Location

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