50 Sackville Street, Fitzroy, New Plymouth

Prime suburban investment opportunity

This freehold, standalone, tenanted investment presents a rare opportunity in today's tightly held marketplace. Located in Fitzroy, arguably one of New Plymouth's most sought after suburbs, in close proximity of the beach, golf course, and coastal walkway, the area is home to some of the highest value residential real estate the city has to offer. Long-standing tenant 'Sporty's Cafe and Bar' occupy the property, which features a wide road frontage and adjoins a service lane that provides access to the on-site car parking. A new nine year lease commenced in September 2016 with a net rental $48,000pa.