8.5% return, get your share of cash flow

119 - 123, Devon Street, New Plymouth

Expressions Of Interest

Proposed Usage
Retail
Floor Area
4700.00 m²
Land Area
2700.00 m²
Description:
Property ID
1c74572

Situated in the heart of New Plymouth Town Centre, this 'Top of the Town' investment opportunity is not one you should look past! Purchase a 50% share parcel, showing approx an 8.5% cash flow, being produced by the multi tenanted, prime retail centre – Top of Town, New Plymouth CBD.

This rare opportunity offers:

- 50% share parcel for $2,500,000
- Annual net ‘Dividend’ showing approx 8.5% of $212,500p/a
- 5.14 year WALT
- International anchor tenant
- 15 Tenants in total
- 2,700sqm land area
- 4,700sqm floor area
- Circa $2m Refurb completed recently
- ‘A grade’ NBS rating

Expect this to be highly contested for.

Contact the agents now for further information and to ensure your chance to seize this opportunity. Sale via Expression of Interest closing 4pm 20th Nov 2019 (Unless Sold Prior)

Enquire about this property

New Plymouth Area