464-466 Devon Street East, Strandon, New Plymouth, Taranaki

Presenting an exceptional opportunity to purchase a modern and well-established accommodation business, together with the freehold interest of the land and buildings in the popular coastal suburb of Strandon, New Plymouth.   The Strand Accommodation comprises 16 units with an occupancy rate of 79.5% over the past four years and a RevPAR of $178.25 (inc GST). The accommodation is of a size and quality which is both manageable and meets a market demand for both short stay and long term guests.    Situated on the north facing corner of Devon Street East and Strandon Place, in a popular coastal suburb on the northern periphery of the CBD, benefitting from easy access to the best beaches and cafes in New Plymouth.   Property being sold by way of Deadline Private Treaty, closing 1pm Wednesday 17 June 2026 (unless sold prior).   For more information or to arrange an inspection contact: Benet Carroll

0210 289 4537 benet.carroll@colliers.com

Please note: all floor areas are approximated only.

Features:

• Proven accommodation business with strong repeat clientele
• 16 accommodation units
• Significant recent upgrades including a 8-unit building constructed in 2020
• Site Area: 1,897 sqm (approx.)
• Corporate and leisure demand supporting year-round occupancy
• Freehold property + established income stream
• Impressive 4.5 / 5 Google Rating
• Occupancy rate: 79.5% average over past 4 years
• RavPAR: $178.25 (inc GST)

More information: https://www.colliers.co.nz/p-NZL67039383