Rārangi Hou
The Executors of the Estate are clear, this property will be sold!
835sqm freehold title comprising of two standalone buildings; fully occupied with four well-established tenants. Judiciously zoned as Business - Neighbourhood Centre & Residential - Single House Zone with only 47% site coverage, there is obvious potential for further utilisation of the site.
Strategically positioned on the main road in and out of Devonport, 161 Victoria Road boasts an unmissable location. Situated on the high-profile corner of Victoria Road & Ewen Alison Ave, the property offers an excellent split risk investment with strong rental upside.
Investment highlights:
• 835sqm freehold corner site
• Split risk investment with 4 Tenancies
• Fully leased, returning $122,848 net per annum + GST
• With only 47% site coverage you can maximise this site!
• Significant corner profile and strategically located within Devonport
• Zoning: Neighborhood Centre Zone & Residential - Single House Zone
• Strong rental growth opportunity
Sale Process: Deadline Sale closing 4.00pm on the 3rd April 2025 (unless sold prior)
For more information on this property and to arrange a private viewing contact Isaac Tankard 027 702 0663 or Nick Young 021 070 9850.