138 Molesworth Street, New Plymouth, New Plymouth

Versatile multi-unit residential income stream

Now offering a unique investment alternative with solid returns from professionally managed long-term accommodation, this flexible property presents an opportunity for investors and eventual owner-occupiers alike. Perfect for buyers looking to capitalise on the rental demand in the CBD with options to develop the 487sqm (more or less) site further, given the low site coverage and mixed-use zoning. The previous configuration also presents potential for your business to be positioned in a prolific high-profile location with partial commercial conversion back to a workshop or retail showroom (100% NBS seismic rating).

The three apartments are well-presented and healthy homes compliant with heat pumps in each unit. Comprising one fully furnished three-bedroom apartment that has a pleasant outlook over the city to the sea, a two-bedroom ground floor option and a compact single-bedroom unit perfect for couples. Low-maintenance construction and grounds ensure your asset will be easy-care as possible.

Located in the CBD amongst a mix of commercial businesses and residential apartments, approximately 400m from the renowned Coastal Walkway/East End Reserve. An ideal spot for both professional couples and corporate tenants with all the best cafes and restaurants within reach.

A large sealed forecourt means your tenants will always be able to park securely and provide their guests with convenient off-street parking. This set-up is ideal for both short and fixed-term accommodation. The options are many, so whether you're an investor, eventual commercial owner-occupier, or perhaps looking for an inner-city crash pad, this opportunity is now yours to take. Contact us today for the income figures and due diligence material.