44 Barrett Road

44 Barrett Road

Prime Passive Investment. A rare opportunity in todays tightly held New Plymouth marketplace. The standalone property is occupied by two strong tenants, Just Kids Ltd and The Backyard Eatery Ltd returning $228,849.43 PA Net plus GST. The leases are out to October 2054 and October 2040 if renewed to full term. The prime lease has a bank guarantee to May 2028 with a fixed rental increment of 1.75% PA. Architecturally redesigned by Ardern Peters to a NZ Property Award standard. Certainly a quality build of 445sqm plus outdoor living of 457sqm and Café 107sqm. 29 carparks. 2793sqm Freehold. Immaculately presented throughout. The investment is underpinned by long leases, guarantees, large high specified building and land holding. A secure long term investment not to be missed. Inspection strictly by appointment. An Information Memorandum is available to down load below.

Investment

  • Land 2793 sqm
  • 2 Strong Tenants

Whalers Gate

  • Freehold
  • 29 Carparks

Private Treaty Deadline

  • Closes 1pm 28th July
  • Architecturally Redesigned

Open Home

Robert Angus

+64 (0) 27 447 9478 Direct
+64 (0) 6 758 2484 Office
robert@robertangus.co.nz