127-131 Devon Street East, New Plymouth, New Plymouth

Tenanted investment in the heart of the CBD

Location is the key to this tenanted investment that occupies a premium position in the busy central shopping precinct of New Plymouth. Both discerning and first-time investors will agree on this exciting opportunity to add to or start their portfolio.
Currently fully tenanted and providing a net rental of $81,590pa from two professional office tenancies. Notable neighbours include Subway, TopTown Cinema Complex, TSB Bank and opposite to 'The Warehouse' entranceway. A wide street frontage makes the most of the consistent foot and vehicle traffic along New Plymouths renowned retail strip.
The floor area is fitout in modern offices in both separate and open plan spaces with separate amenities. Set in a location that is vibrant and popular to work in with numerous cafes and restaurants nearby. This is an outstanding provincial opportunity to secure a 'hands off' investment property with split risk return and the peace of mind from a Category 'A' seismic rating.
Property Details
Land area622sqm (more or less)
Floor area380sqm (more or less)
ZoningBusiness A
Tenancy Details
Currently returning a net income of $81,590pa +GST. Full tenancy schedule is available on request.