Offering an 10% return on this A grade asset with annual rental increases. A quality large format retail investment, leased to an established and high performing national operator.
Leased to Interiors Group Limited, trading as Carpet Court and Curtain Studio with annual rental increases of 2%. Proven national brands with a strong client base and intent to remain in the region.
The property benefits from a full basement dispatch area with truck access from Boon Lane, a goods and services lift and an expansive showroom with a wide glazed frontage to New Plymouth’s primary retail strip.
Asking Price: $1,480,000 (10% yield)
For more information or to arrange an inspection contact:
Benet Carroll
0210 289 4537
[email protected]
Please note: all floor areas are approximated only.
Features:
* Leased to Interiors Group Limited T/A Carpet Court and Curtain Studio
* Annual rental increases of 2%
* 10% potential return
* Functional retail premises with 3 frontages
* A+ Grade Seismic Rating (2012 IEP)
* Site Area: 1,046 sqm
* NLA: 1,380 sqm
* Exceptional passive investment
