53 Rata Street, Inglewood, New Plymouth

Split risk and mixed-use investment

Positioned in a desirable village fringe location, this versatile mixed-use property presents a compelling opportunity for investors seeking both immediate income and future upside. The commercial component is securely occupied by a wellness studio, generating a net return of $18,000pa. Complementing this is a one-bedroom residential unit, previously rented at $340 per week, offering additional income potential or flexibility for owner-occupiers in the future. Both buildings have benefited from recent upgrades, enhancing their durability and appeal. The commercial premises feature a re-roof and new joinery to the frontage, while the residential unit has also had the roof replaced and ceiling insulation installed.

Set on 645sqm of freehold land, the property enjoys a strategic position bordered by a petrol station on one side and residential townhouses on the other, reinforcing its mixed-use appeal. Zoned Mixed Use under the NPDC district plan, the site provides scope for future redevelopment, making it an attractive landbank opportunity with holding income in place. A well-balanced investment combining stability, flexibility, and long-term potential.

Deadline closing Thursday 21st May 2026 at 1pm (unless sold prior)