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New Plymouth, 182 Devon Street East

Investment With Three Tenants For Sale

$810,000 Plus GST (if any)

Listing Number: NP7022
About this listing
Multi tenant investment property with a ground floor restaurant. Tenant, first floor apartment and rear studio flat with access off State Lane, providing two on site carparks.

All the tenants have access from State Lane and the first floor apartment has internal access to the ground floor shop.

Great location and three tenant income stream.

The commercial lease has three year renewals with the next renewal due on the 11th December 2019. Rental income is $39,000.00 per annum plus GST. In addition the tenant pays 100% of outgoings and 70% share of the property rates.

The two residential tenancies return $350.00 per week and $220.00 per week each.

Land area: 484m2
Building floor area: 520m2
Annual rates: $8,552.45

For Sale: $810,000 plus GST
Property Information
  • Approx Floor Area: 520 sqm
  • Land Size: 484 sqm
  • Tenure: Fee Simple
  • Parking: Uncovered: 2
  • Property Type: Retail

Contact Details

Harcourts New Plymouth

Team Taranaki Ltd

Licensed REAA 2008

51 Devon St West
New Plymouth
Office website

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