534 Richmond Road, Lepperton, New Plymouth

Freehold going concern with diversified income

Positioned in a desirable village location, this versatile mixed-use property presents a compelling opportunity for investors seeking both immediate income and future upside. One half of the commercial component is securely occupied by a convenience store, generating a net return of $20,348pa. Alongside the Lepperton Café, which presents as an established business opportunity in the hospitality sector. Complementing both is a residential unit, currently rented at $320 per week, offering additional income and the flexibility for owner-occupiers in the future.

The commercial buildings have benefited from upgrades over the years, enhancing their durability and appeal featuring modernised cladding and joinery to the frontage providing a low maintenance exterior. Set on 1,017sqm of freehold land, the property enjoys a strategic position adjacent to a school on one side and residential properties on the other, reinforcing its mixed-use appeal. Zoned local centre 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, long-term potential and located in a popular catchment area.