225-229 Courtenay Street, New Plymouth, New Plymouth

Prominent trade/retail location

-$160,000pa net rental with negotiable terms
-Excellent exposure to busy thoroughfare
-Versatile large format building. 1,080sqm (more or less)

Now offering a unique opportunity for astute add-value investors and eventual owner-occupiers. This freehold site spans an impressive 1,534sqm (more or less) encompassing two titles and boasting a wide frontage, providing excellent branding possibilities. The property holds a prime position along New Plymouth's major arterial route, making it a highly sought-after trade and retail destination. It benefits from a constant flow of vehicular traffic, ensuring maximum exposure for any business operating here.

The floor area is well apportioned, comprising a showroom, ground/mezzanine offices and generous warehousing space. This versatility opens doors to various business uses and ensures a well-presented foundation for your enterprise. With a net holding income of $160,000pa currently available, this property offers an attractive proposition to investors. Terms and conditions are negotiable, providing flexibility for potential buyers.

On-site parking for 14 vehicles is available, offering convenience to customers and staff alike. The property's easy ingress and egress further enhance accessibility, making it hassle-free for visitors to reach your business. The layout and construction of the property present an opportunity to split the risk with a dual tenancy arrangement. This option allows for diversification and increased potential for return on investment.

Property Details
Land area Freehold 1,534sqm on two titles
Zoning NPDC mixed use commercial
Tenancy details
Holding income/term negotiable as leaseback until vacant possession available

By negotiation