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Palmerston North

31 Weston Avenue, Palmerston North, Palmerston North

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380sqm Floor area
1,432sqm Land area SQM

For Sale by Negotiation

Location, Cash Flow, Quality Tenant


- 12 bedrooms
- Renown international tenant
- Renewed four year lease term from October 2016
- Generous annual income of $93,175.00 net pa +GST
- Annual CPI rent increases
- Investors seeking yield must consider

This presents a superb opportunity to purchase a high yielding freehold residential property, underpinned with an excellent tenant covenant from Bupa Care Services Limited. Bupa have exercised a right of renewal for a term of Four (4) years, commencing 1 October 2016 with a further Right of Renewal of One (1) x Four (4) years available. With a versatile 12 bedroom configuration, this offers the possibility of future residential opportunities. Consider the simplicity that leased property affords, with certainty of term, simplicity of management and recovery of outgoings.

Karl Cameron

Karl Cameron


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

Lewis Townshend


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

Features

Income


A fantastic large holding income benefits the new owner

Land Area


1432sqm

Zoning


Residential