Flaming Hot Investment
3, Campbell Street, City Centre, Palmerston North
- Proposed Usage
- Floor Area
- 140.00 m²
- Land Area
- 320.00 m²
- Property ID
- Fully tenanted (single tenant) by Godfreys BBQ and Grill Limited
- Annual rental $22,000.00 tenant pays outgoings
- Fixed rental growth
- Freehold site Superb corner profile
This is pretty simple. A fully tenanted passive investment with fixed rental growth and a personal guarantee on the lease. Since the lease commencement in March 2017, the property has been significantly refurbished internally and presents well.
Positioned on a high profile corner site, the 140sqm (more or less) building is located on a 320sqm (more or less) freehold section. Zoned Commercial Local Business, the property has existing rights from Palmerston North City Council for use as a restaurant. Onsite living accommodation (occupied by the tenant) is an added bonus.
Vendor is genuine to the selling process.