Location plus redevelopment potential


60 Devon Street East, New Plymouth

By Negotiation

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Location plus redevelopment potential | 60 Devon Street East, New Plymouth | 2601010 |      X Close
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Location plus redevelopment potential


An exceptional location combined with the redevelopment potential of this 284sqm landholding equates to an unmissable opportunity. Sited on a corner of the busiest pedestrian intersection in New Plymouth, this two-level building with dual frontage is located in the heart of the CBD. Well-attended cafes and restaurants surround this alluring location and it's a short walk from Pukekura Park, with attractive sea views down Liardet Street to the Coastal Walkway.

Innovative tailor, William Broome, the creator of the Swanndri, had the foresight to appreciate the position of this location, with the building's previous life as the Broome Building, proving its strong pedigree.

The national tenant has a current lease term through to March 2024, while the business upstairs runs on a month-to-month tenancy, so there's potential to own and occupy in the near future.

An exciting opportunity for an add-value investor, there's redevelopment potential here, with the possibility of apartments upstairs. You can't beat the power of location!

Asking price $559,000 +GST (if any)

Darryl Taylor

Taranaki

Licensed under the REA Act 2008

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Iain Taylor

Taranaki

Licensed under the REA Act 2008

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60 Devon Street East, New Plymouth

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Darryl Taylor

Taranaki

Licensed under the REA Act 2008

View profile

Iain Taylor

Taranaki

Licensed under the REA Act 2008

View profile