47 and 59 Queen Street, Palmerston North CBD, Palmerston North

Queen of The Pack, Add Value Investment

- Two substantial adjoining properties in one parcel
- Holding income of $75,796.53 net pa +GST
- Large first floor vacancy with significant add value opportunity
- Close proximity to the CBD and UCOL with two street frontages
- Vendor absolutely committed to selling

This investment offers two adjoining properties on separate titles with significant add value opportunity.
The upside is to tenant the first floor (approximately 1,000sqm) thereby increasing the income and the subsequent value of the asset.
The large first floor vacancy has merit, with nice clean office space, good access.
The property is generating a good holding income of $75,796.53 net pa +GST.
Generous onsite carparking and close proximity to the CBD and UCOL. Full tenancy details available on request.
An absolutely committed vendor completes the picture.