553 Devon Street East, Fitzroy, New Plymouth, Taranaki

Positioned in the heart of Fitzroy Village, this well-presented commercial investment offers an outstanding opportunity to secure a tightly held asset in one of the region’s most sought-after suburban shops. Set on a 153sqm freehold site, the property is leased to an established hair studio returning $24,438.61pa net, providing investors with reliable income and long-term stability given the existing use.

The premises feature a stylish boutique fit-out that complements the tenant’s business and enhances the property's overall appeal. Rear access via a service lane adds practicality and convenience, while the compact footprint ensures a low-maintenance investment with minimal upkeep requirements.

Located within a commercial precinct known for its low vacancy rates, the property benefits from strong local demand and excellent exposure within the busy village environment. The site is zoned Town Centre under the NPDC district plan, underpinning its long-term commercial credentials.

For those seeking a location-conscious investment, this is a compelling alternative to residential property. Rather than purchasing in one of the region’s lower-ranked residential suburbs, here is an opportunity to own a commercial asset in one of New Plymouth’s most desirable and enduring locations at a similar price point.

A rare chance to secure an addition to your portfolio or an entry level first time commercial investment in Fitzroy Village, combining strong fundamentals and the benefits of a proven location.