Exceptional investment on "Golden Mile"

200, Broadway Avenue and 591 Main Street, City Centre, Palmerston North

By Negotiation

Proposed Usage
Floor Area
2028.00 m²
Land Area
3815.00 m²
Property ID

•3 substantial tenants on brand new 10 year leases
•$647,718 net income per annum + GST
•85% NBS rating
•Land area 3,815 sqm (more or less)
•Floor area 2,028 sqm (more or less)
•50 on site carparks
•To be sold as one

Investments of this calibre rarely come to the market. Situated in the heart of Palmerston Norths "Golden Mile" CBD, this prime site offers investors a rare opportunity to purchase a fully tenanted, modern property, due for completion in December 2019. A combination of 1,100 sqm (more or less) of new build and 928 sqm (more or less) of refurbishment, this property boasts the latest in technology and design. All three tenancies have new 10 year leases, starting 2/12/2019 with 1 x 4 year right of renewal. This multi-tenanted split risk investment is an opportunity not to be missed.

Enquire about this property

City Centre Area