8.5+% Yield $400,000 net income

723, Main Street, City Centre, Palmerston North

By Negotiation

Proposed Usage
Retail
Floor Area
2459.00 m²
Land Area
3618.00 m²
Description:
Property ID
1c3mpr5

• Land Area 3,618 sqm (more or less)
• Floor Area 2,459 sqm (more or less)
• Net return income $400,000
• Multi-tenanted spreading investment risk
• NBS rating 80%
• Vendor expectation - 8.5+% yield

A truly unique opportunity to own one of Palmerston Norths iconic commercial properties. 723 Main Street is ideally positioned with a constant flow of traffic going past the front door. This large 3,618 sqm site has great access and plenty of off-street parking. A spacious and modern layout with plenty of open space and natural light. A solid income stream from the mix of cafe, retail and lease-able office space makes this a fantastic investment opportunity.
Valuation and LIM report are available on request

Enquire about this property

City Centre Area