Positioned in a highly desirable CBD location, this mixed-use investment presents an outstanding opportunity for investors seeking strong returns, diversified income, and long-term security. Constructed to an A+ seismic rating, the property offers peace of mind alongside a proven track record of income performance.
The ground floor commercial tenancy generates $32,000pa net and is complemented by six furnished studio units above returning a combined $2,144 per week. With seven separate income streams, the property provides an effective way to spread risk while benefiting from the stability of a residential component that underpins the overall investment.
Low vacancy rates and a history of established tenants, one in occupation since 2014, reflect the strength of the location and ongoing demand for accommodation. Rear access from State Lane and on-site parking for three vehicles further enhance the property's appeal. Occupants enjoy easy access to some of New Plymouth's most popular cafés and restaurants, while the city's primary retail precinct is only a few doors away. The Coastal Walkway is approximately 500m away (more or less), and the nearest supermarket is just 130m (more or less) from the property, adding to the convenience and desirability of the location.
Combining reliable income, a strategic CBD position, and a resilient mixed-use profile, this is a low-risk asset that offers an excellent opportunity to diversify and strengthen an investment portfolio. Call or email for the information memorandum and due diligence documents.
