77 Eliot Street, New Plymouth, New Plymouth

Fringe CBD investment opportunity

Positioned on a high-profile corner at the southern entrance to New Plymouth, this city fringe investment with simple residential style construction has security of income with seven plus years to run on the initial term to an established medical tenant. The 629sqm (more or less) site is zoned residential B with the 170sqm (more or less) build featuring the commercial space along with a boutique one bedroom apartment.

With a net rental of $32,000pa, the asset bracket is one that will appeal to all investor groups, especially those looking for an alternative to residential investment.