Right royal investment


241 Devon Street West

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Right royal investment | 241 Devon Street West | 522714 |      X Close
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Right royal investment


Located one kilometer west of the New Plymouth CBD, the property is situated on the corner of Devon Street West and Mt Edgecumbe Street and has been a liquor outlet for over 20 years and is currently leased to Lion Liquor Retail Limited (t/a Liquor King) on a five year lease commencing June 2016 currently returning $64,500pa + GST with rent reviews every three years and five rights of renewal of three years, final expiry June 2033.

The building was recently strengthened and now has a 67% NBS rating (Cat B).

The property occupies a 2092sqm (more or less) corner site over two freehold titles with access of both Devon Street West and Mt Edgecumbe Street. The building has an approximate footprint of 619sqm and up to 20 off street car parks are available.

This is s superb opportunity to secure a prime, low risk investment proeprty that will provide greater returns than current bank interest rates.