New Plymouth Central - Excellent Investment Returns

Price
Location 123 Devon Street, New Plymouth Central
Type Retail Property
Floor Area 8240 m2
Land 2700 m2
Listing No # NPC02221
Listed 30/06/2022
Views 15

Description

Calling all astute investors....

This iconic New Plymouth landmark located at 123 Devon Street East, New Plymouth is up for sale by negotiation.

The impressive three-storey building plus basement, including 72 on-site car parks, has fantastic occupancy with 18 tenants with Events Cinema, Taranaki's largest cinema complex, being the anchor tenant.

'Top Town' as the complex is known, occupies an excellent position in the centre of the CBD, spanning Devon Street through to Gill Street with a site area of 2,700 sqm and a net lettable area of 4,900 sqm.

It is an A-grade seismic-rated building which helps to minimise risk for an astute investor. Lift access from the basement parking area through to the top floor. Escalator access from the ground floor to the cinemas on levels 1 & 2.

There is a weighted average lease term of approx 4.5 years providing an excellent split risk investment proposition.

Land area 2700 m2.

Excellent returns

Over $900,000 net rent.

Seismic A.

Options for purchasing.

For an IM and an appointment to view call-

Russell - 0274 525544

Kevin - 021 746 371

Contact our agents

Russell Atkinson

M: 027 452 5544

McDonald Real Estate Ltd (Licensed: REAA 2008) - New Plymouth

Cnr Molesworth & Eliot Streets
New Plymouth , 4310

Kevin Hight

P: 06 757 3083
M: 021 746 371
RealEstate Agents contact details and original listing on www.realestate.co.nz -

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