60 Devon Street East, New Plymouth, New Plymouth

Location plus redevelopment potential

An exceptional location combined with the redevelopment potential of this 284sqm landholding equates to an unmissable opportunity. Sited on a corner of the busiest pedestrian intersection in New Plymouth, this two-level building with dual frontage is located in the heart of the CBD. Well-attended cafes and restaurants surround this alluring location and it's a short walk from Pukekura Park, with attractive sea views down Liardet Street to the Coastal Walkway.
Innovative tailor, William Broome, the creator of the Swanndri, had the foresight to appreciate the position of this location, with the building's previous life as the Broome Building, proving its strong pedigree.
The national tenant has a current lease term through to March 2024, while the upstairs is vacant, so there's potential for an owner-occupier.
An exciting opportunity for an add-value investor, there's redevelopment potential here, with the possibility of apartments upstairs. You can't beat the power of location!
Asking price $559,000 +GST (if any)