Devonport asset with significant upside

Offered to the market for the first time since built - this modern property on Bartley Terrace is located in the picturesque seaside suburb of Devonport, just 12 minutes by ferry to the Auckland CBD.

The property offers a diversified cash flow anchored by two retail tenancies on the ground floor and office tenancies on the upper levels. The nature of the site also makes for a logical redevelopment opportunity in the future. Its position and zoning provide the potential for apartment schemes to be explored on the property in the years to come. Alternatively, you could bank the existing return while the land and buildings appreciate over time.

Rarely do commercial assets of this nature come to the open market in Devonport. Take the opportunity to maximise the potential by developing, occupying or leasing out the remaining vacancies.

• Diversified income stream currently returning $249,053.25pa + GST with upside
• A+ seismic grade
• Town Centre zoning
• The property sits on 318sqm of freehold land in two titles next to New World
• Minutes' walk from the ferry building and town centre

All viewings are by appointment only.

Please call the sole agents Matt Mimmack 021 229 5878 or Mike Adams 021 977 527 for further details.