Iconic Building - 8% Yield

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

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 3,618m2 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.

•Land Area 3,618m2
•Floor Area 2,459m2
•Net return income $400,000
•Multi-tenanted spreading investment risk
•NBS rating 80%
•Vendor expectation - 8% yield

Valuation and LIM reports are available on request

Enquire about this property

City Centre Area