211 Courtenay Street, New Plymouth, New Plymouth

Right in the sweet spot

Whether you're a cricket fan or not you'll soon recognize the caliber of this passive inner-city investment. The 320sqm (more or less) building is a well apportioned mix of separate offices and workshop occupying a high-profile landholding of 523sqm on the one-way system heading north (SH3). It has an A plus seismic rating to keep your bank happy and no doubt makes this simple to lease out in the future when coupled with the sought after nature of the location. An established trade tenant paying $38,908pa +GST net makes good use of the branding opportunities present with the benefit of easy on-site parking. The initial term of five years is up for renewal in August 2023 with a further term until 2028 available. Whether you're a seasoned commercial investor or making the switch out of residential, this option is sound real estate.