367 Devon Street East, Strandon, New Plymouth

Diverse standalone investment

Now offering a unique investment with solid cash flow from both professionally managed short-term accommodation and an established joinery tenant, this dynamic property presents an opportunity for investors and eventual owner-occupiers alike. Perfect for buyers looking to capitalise on the rental demand in the CBD fringe with options to develop the site further given the mixed-use zoning. The current configuration also presents potential for your business to be positioned in a trendy high-profile location or full residential conversion to a multiple income stream dwelling.

The three apartments, one studio and two being two bedrooms, are very well-appointed with quality fittings and furnishings a feature. This includes full kitchens with acrylic bench tops, Quality Blum soft close drawers and doors, laundry facilities alongside double-glazed windows, double-lined walls and heat pumps throughout. Low maintenance and landscaped grounds ensure your asset will be easy-care as possible.

Located one block from the CBD and approximately 400m from the renowned Coastal Walkway /East End Reserve, the property is surrounded by a mix of offices and residential dwellings. An ideal spot for out-of-town guests with all the best cafes and restaurants within walking distance. Plenty of off-street parking and dual vehicle crossings mean your tenants will always be able to offer their clients convenience with the private apartment parking being ideal for both short and fixed-term accommodation.

The options are endless so whether you're an investor, eventual commercial owner-occupier, or perhaps looking for an inner-city crash pad, this opportunity is now yours to take.

Property Details
Floor area: 320sqm (approximately) - total of rentable area
Zoning: Mixed use NPDC
Car parks: Ten (10) plus on-site

Tenancy Details
Proposed net rental of $33,400pa for office accommodation. Residential apartments have long-term estimate and short-term accommodation figures available upon request.

Deadline sale closes 1pm, 3rd December 2024 (unless sold prior)