- For Sale
The site represents an outstanding development opportunity at the gateway to the city with a variety of potential uses directly opposite New Plymouth's primary bulk retail area.
The property is held in four titles, with a huge frontage to Devon Road (State Highway 3). Currently occupied by a range of industrial and retail tenants on short term and flexible leases.
The vendor will consider offers to purchase the property in two separate lots, being:
657 Devon Road & 2 Constance Street: 7,652 m² containing a mix of workshops, residential, retail and car yard, and;
6-8 Constance Street: 2,551m² containing a workshop and metalled yard area.
This is an exciting proposition for developer, investors and owner occupiers to secure a pole position in the tightly held and sought after Waiwhakaiho location. The property is located on the northern side of Devon Road, and is bounded to the east by Smart Road and the west by Constance Street. Devon Road is the main arterial link from New Plymouth City and the Waikato, carrying high volumes of traffic flows within the city.
This locality has seen changing use over the last seven to ten years, originally being predominantly industrial but moving towards showroom / service workshops and bulk retail. This change was begun by the construction of a large Harvey Norman retail store directly opposite the property and since that time, the Valley Mega bulk retail complex has been developed. The complex includes leading tenants such as Briscoes, Noel Leemings, Rebel Sports, Countdown Supermarket, Mitre 10 Mega and Torpedo 7.
Zoning: Business B Environment Area under the New Plymouth District Plan
Combined Rateable Value: $4,566,000
Total Net Annual Rental: $241,600 p.a.
For Sale by way of Tender, closing on Wednesday 18th March 2020.
For more information, contact Benet Carroll for a prospectus.
Ref #: 216962