Invest in this prime inner city land being located on the western side of New Plymouth's CBD, with this property providing a road frontage to 111 St Aubyn Street and rear vehicle access from 6 Young Street.
Upside potential in the future for this investment with proximity to the city, Coastal Walkway, Len Lye Centre, Govett Brewster Gallery and Pukeiti Museum.

With apartment growth around the central city and foreshore both investors and developers will appreciate the future potential here.

Claredon Apartments built circa 1945, the investment comprise of nine rental units (3x3brm, 4x2brm and 2x1 brm), townhouse on two levels (2brm) and five rental sheds.
The property has been managed by rental agency since 2008 and rental income is $152,000 per annum approximately.
The current owners have owned the investment for 19 years and are now retired!
This investment property will be sold as GST inclusive!!

Seismic IEP: Grade "C"

Land Area: 1401m²

Rating Value: $1,960,000

For Sale: $1,750,000