New Plymouth
41 Devon Street East, New Plymouth, New Plymouth
For Sale by Negotiation
Entry level commercial investment
This property offers an opportunity to diversify your residential portfolio into the commercial real estate market. Currently tenanted to an established café business providing rental income of $24,000pa net on a 3 year term with a further 3 year renewal available. The building sits on a 167sqm (more or less) freehold site and has been re-roofed and is predominantly reinforced concrete construction. Rear access via a service lane from Liardet Street allows a staff park and discreet delivery area. A valuable Detailed Seismic Assessment (DSA) is included that provides potential remedial work required as part of the due diligence. Currently 32% NBS (Category D). The purchase price will be inclusive of GST.
By negotiation
Darryl Taylor
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Iain Taylor
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Exposure
Located on the Hill, Devon St East
Seismic (NBS rating)
32% NBS with DSA available
Zoning
NPDC city centre
Lease term
Three years with a renewal
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