22a Mill Road New Plymouth, New Plymouth District

Our instructions from our absentee owner are clear, I have another project, and this investment is surplus to requirements. Unlock the full potential of 22A Mill Road New Plymouth, offering six purpose-built 2-bedroom units nestled on 2,228m2 freehold land. It's an oasis within the CBD of New Plymouth waiting to be developed or retained as a cash cow.

For the investor:

An in-demand property from prospective tenants is shown by the property's high occupancy rate, where long-term tenants are the norm, this is a hassle-free investment. A perfect acquisition for an absentee investor.
Current annual rent of $101,920, independent rental appraisal of $380 -$400 per week or add value and achieve $460-$480per week or $130,000 per annum.

For the developer:

Mill Road is a desirable address, it's a hidden gem. 2,228 m2 freehold land. The zoning Residential B screams potential whilst having a holding income.
Such a development would be in demand from prospective purchasers wanting to live within the CBD of New Plymouth.

For an information pack please contact GreIg today.

PLEASE NOTE: All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents