Attractive multi-tenanted investment

27-33, Shelley Street, City Centre, Palmerston North

By Negotiation

Proposed Usage
Industrial
Floor Area
5650.00 m²
Land Area
9682.00 m²
Description:
Property ID
1c2fkd8

- Returning a total income of $401,911.00 p.a. net + GST
- Fully tenanted including several national companies - Crown Equipment Limited, SVS Veterinary Supplies Limited and Boehringer Ingelheim
- Large freehold secure industrial site with on-site car-parking
- Recent seismic strengthening to 67% of NBS (97% complete)

Offered to the market for the first time, opportunities such as this seldom come available in Palmerston North. This unique multi-tenanted, split risk investment property is currently returning $401,911.00 p.a. net + GST.

This secure industrial freehold site bordering on the largest business park in Palmerston North consists of 12 warehouses of varying dimensions with generous stud heights in the main buildings.

Located in Shelley Street, the property profits from Palmerston Norths' excellent travel links by air, rail and main arterial roads for transport and distribution across the lower North Island, Hawkes Bay, Taranaki and beyond.

This property has been well maintained and presented in excellent condition. A superb opportunity for investors.

Full tenancy details and seismic reports are available on request.

Land Area - 9,682sqm (more or less)
Floor Area - 5,650sqm (more or less)
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City Centre Area