66-68 Devon Street West, New Plymouth, Taranaki

Positioned in the heart of the sought-after West End CBD precinct, this exceptional freehold investment offers a rare opportunity to secure a high-profile commercial asset in one of the city's most vibrant locations. With four tenants in place, the property provides diversified income and reduced leasing risk. Anchored by a national retail tenant, complemented by two additional retailers and an office occupier, the investment is currently returning approximately $85,780pa net.

Enjoying dual street frontage to Devon Street West and King Street, the building commands outstanding exposure with striking facades that maximise its presence and retail appeal. Superb visibility and strong pedestrian traffic make this a standout location for both tenants and future occupiers. Beyond its immediate income, the property presents exciting potential. Its prime position close to the Coastal Walkway and the city's thriving arts precinct creates scope for a future mixed-use or residential apartment development, subject to the necessary NPDC approvals.

Surrounded by some of the city's best cafes and restaurants, and just one block from the Len Lye Centre, TSB Showplace and Metro Plaza redevelopment, this is an investment that combines location, income security, and long-term upside. Set on a 369sqm freehold site, it is an outstanding opportunity to invest in one of the CBD's most tightly held precincts.

Price by negotiation.