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This outstanding investment is being offered to the open market for the first time in over 20 years. This is a wonderful opportunity to secure this high-quality property with a solid tenant.
Situated on the very popular Devon Street East shopping precinct surrounded by quality retail, office, and hospitality outlets.
The building has been occupied by the Clegg family businesses for many years and under the new banners of Carpet Court and Curtain Studio, that will continue. The site has been the go-to option for furniture and furnishings in New Plymouth for a very long period of time.
High exposure to the Devon Street retail strip, superb frontage, with rear access to vast basement storage and work area. On-site parking at the rear.
The building has a category A seismic rating.
The lease has built-in rental increases with the next expected in early 2023.
Investors in the $2.2m-2.6m range should enquire. This will provide a range of between 5.5 - 6.45% yield.
Properties of this calibre in the CBD are rarely available so be sure not to miss this one.
For a full IM, lease details, and an appointment to view, call today.