• Charming character facade
• Returning $143,650 net p.a.
• Diverse income stream
• Town Centre Zone (AUP)
After decades of service to the local community, the Devonport United Friendly Society has decided the time is right to start liquidating their investment portfolio. Rarely available and highly sought after, this ornate character building is searching for a new owner.
The building is an original 'turn of the 20th century' building, with later extensions having been carried out in 1988. The investment offers in-built diversification with retail, hospitality, office and residential tenancies and an opportunity for rental uplift. Yarntons and Monsoon have been entrenched in the Devonport community and are both well frequented.
Located in the picturesque seaside suburb of Devonport, just twelve minutes by ferry to Auckland CBD, Devonport has become a tourist mecca. Auckland Council and Auckland Transport have completed stage one of a two stage, $24,000,000 investment in the area, underpinning the future value of this investment.
Enquire now to secure this Trophy asset.