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New Plymouth

225-229 Courtenay Street, New Plymouth, New Plymouth

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1,080sqm Floor area
1,534sqm Land area SQM
14 Offstreet

For Sale by Negotiation

Prominent trade/retail location


-$160,000pa net rental with negotiable terms
-Excellent exposure to busy thoroughfare
-Versatile large format building. 1,080sqm (more or less)

Now offering a unique opportunity for astute add-value investors and eventual owner-occupiers. This freehold site spans an impressive 1,534sqm (more or less) encompassing two titles and boasting a wide frontage, providing excellent branding possibilities. The property holds a prime position along New Plymouth's major arterial route, making it a highly sought-after trade and retail destination. It benefits from a constant flow of vehicular traffic, ensuring maximum exposure for any business operating here.

The floor area is well apportioned, comprising a showroom, ground/mezzanine offices and generous warehousing space. This versatility opens doors to various business uses and ensures a well-presented foundation for your enterprise. With a net holding income of $160,000pa currently available, this property offers an attractive proposition to investors. Terms and conditions are negotiable, providing flexibility for potential buyers.

On-site parking for 14 vehicles is available, offering convenience to customers and staff alike. The property's easy ingress and egress further enhance accessibility, making it hassle-free for visitors to reach your business. The layout and construction of the property present an opportunity to split the risk with a dual tenancy arrangement. This option allows for diversification and increased potential for return on investment.

Property Details
Land area Freehold 1,534sqm on two titles
Zoning NPDC mixed use commercial
Tenancy details
Holding income/term negotiable as leaseback until vacant possession available

By negotiation

Darryl Taylor

Darryl Taylor

Commercial, Industrial and Development Sales and Leasing

Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Iain Taylor

Iain Taylor

Commercial and Industrial Sales and Leasing

Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Zoning


NPDC mixed use commercial

Signage opportunity


Large billboard space available to northern traffic

High stud


Large format trade/retail warehouse

Add value


Split the risk with two tenancies

Seismic (NBS rating)


Available on request

Parking


Fourteen on-site. Un-metered street nearby

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

Request more information

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