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New Plymouth

188 Powderham Street, New Plymouth, New Plymouth

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1,045sqm Land area SQM
350sqm Floor area

Entry level investment


Whether you're a seasoned investor or a first-timer, we have a generous yield on offer here! Split your risk with two medical-based tenants who are both in the early stages of their three-year terms and provide a combined net return of $62,509.50pa. The floor area of 350sqm approximately is across two levels with Health NZ on the ground floor with Sage and Obstetrics occupying the first.

A category B seismic rating will give you and your tenants peace of mind moving forward. Both tenants have access to plenty of on-site parking for their clients and staff alike. The freehold 1,045sqm site (more or less) is zoned mixed-use suggesting there may be a better and higher use via redevelopment in the distant future. Located on a one-way strip, popular amongst medical professionals, being highly visible and close to the CBD. Call or email today for the Information Memorandum.

Deadline closes 1pm, 27th February 2025 (unless sold prior)

For Sale by Deadline Private Treaty
(unless sold prior)

27
Feb

Time1pm
Calander
Calendar
Darryl Taylor

Darryl Taylor

Commercial, Industrial and Development Sales and Leasing

Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Iain Taylor

Iain Taylor

Commercial and Industrial Sales and Leasing

Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Character building


Relocated villa on basement

Land area breakdown


1,045sqm (more or less) freehold

Lease term


Both on three years

Location


Popular medical block of Vivian/Powderham

Seismic (NBS rating)


Category B and 75% NBS

Parking


For 19 cars approximately on site