8+% Yield $400,000 net income

Terrace End, Palmerston North

By Negotiation

Proposed Usage
Retail
Floor Area
2459.00 m²
Land Area
3618.00 m²
Description:
Property ID
1c6t9c1

A truly unique opportunity to own one of Palmerston Norths iconic commercial properties. This large 3,618m2 site has great access, NBS rating of 80% and plenty of off-street parking.

A solid income stream of $400,000 net pa 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

Agent:

Kevin Carian
027 430 4045
kevin.carian@propertybrokers.co.nz


Site link
www.commercialpropertykevincarian.co.nz

Enquire about this property

Terrace End Area