Right Royal Investment
Located 1 kilometre west of the New Plymouth CBD, 241 Devon St West has been a liquor outlet over 20 years and is currently leased to Lion Liquor Retail Limited T/a Liquor King on a 5 year lease commencing June 2016 currently returning $64,500pa +GST with rent reviews every 3 years and 5 rights of renewal of 3 years, final expiry 14/6/2033.
The building was recently strengthened and now has a 67% NBS rating (Cat B)
The property occupies a 2092m²(more or less) corner site over two freehold titles with access of both Devon Street West and MT Edgcumbe Street. The building has an approximate footprint of 619m² and up to 20 off street car parks are available.
This is a superb opportunity to secure a prime, low risk investment property that will provide greater returns than current bank interest rates.
Call now for more information and an appointment to view.