Prime Devon Street Investment – Secure Income in a Blue-Chip Location with excellent yield

Quality Devon Street investments are tightly held, and opportunities of this calibre are rarely available.
This well-presented property on Devon Street East is underpinned by long-standing national tenants Carpet Court and Curtain Studio-established operators who have occupied the premises for many years and continue to trade strongly.
Positioned in one of New Plymouth’s most desirable retail precincts, the building benefits from excellent exposure, strong surrounding businesses, and convenient access from both the street frontage and rear. On-site parking and generous basement storage further enhance functionality for tenants and long-term appeal for investors.
The investment is supported by built-in rental growth, an A-grade seismic rating, and low-maintenance construction-delivering a reliable, hands-off income stream.
For buyers seeking a proven commercial asset in the $2,000,000+ range, this is a compelling proposition.
All offers over $2,000,000 will be considered (7.4% yield).
Contact us today for full lease details, the information memorandum, or to arrange a private inspection.
Highlights:
• Long-term national tenants – Carpet Court & Curtain Studio
• Prime CBD retail location
• A-grade seismic rating
• Built-in rental growth