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Palmerston North CBD

547 - 551 Main Street, Palmerston North CBD, Palmerston North

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1,490sqm Floor area
2,508sqm Land area SQM

Asking Price NZ$3,250,000 + GST

 (if any)

High Quality, Generous Yield


- Accident Compensation Corporation (ACC) and Smiths City as tenants
- Freehold site
- Net Rental (ACC) $216,546.59 pa plus GST - (Smiths City) $56,461.68 pa plus GST
- 29 carparks
- On main arterial route and to State Highway

A high quality property tenanted to two first class tenants being Accident Compensation
Corporation, a Government Department and Smiths City, a major leading New Zealand retail chain with some 27 stores nationwide. The property is of modern construction and has been seismically strengthened to 100% of NBS and refurbished in 2012 and 2014.
The site benefits from on-site and roadside parking and is adjacent to a large Palmerston North City Council carpark.

Dave Looney

Dave Looney


Mid West Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Kate Looney

Kate Looney


Mid West Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Floor Area


1,490sqm (more or less)

Land Area


2,508sqm (more or less)

Location


Fully Tenanted High Profile Property