Land Bank for the Future


83-91 Lombard Street, Palmerston North

Asking Price NZD $900,000 + GST (if any)

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Land Bank for the Future | 83-91 Lombard Street, Palmerston North | 3050839 |      X Close
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Land Bank for the Future


- Total land area 1,839sqm (more or less) in a central high profile location

- Current holding income from commercial tenants $81,900 + GST pa, plus $16,800 pa from the residential tenancy.

- Attractive return with future refurbishment/development possibilities

- Vendor committed to selling

Here is an opportunity to secure a prime strategic location in the city centre. With three commercial tenants returning $81,900 + GST pa, plus $16,800 pa from an upstairs residential tenancy, this provides attractive holding income with the possibility of future refurbishment or development. With the Vendors committed to selling, this is an opportunity not to be missed.

Full tenancy details available upon request.

RV: $970,000

Bede Blatchford

Palmerston North

Licensed under the REA Act 2008

Mobile: +64 27 532 3577
Office: +64 6 350 6066
bede.blatchford@bayleys.co.nz
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Lewis Townshend

Palmerston North

Licensed under the REA Act 2008

Mobile: +64 21 454 508
Office: +64 6 350 6054
lewis.townshend@bayleys.co.nz
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Karl Cameron

Palmerston North

Licensed under the REA Act 2008

Mobile: +64 21 428 092
Office: +64 6 350 6067
karl.cameron@bayleys.co.nz
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83-91 Lombard Street, Palmerston North

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Bede Blatchford

Palmerston North

Licensed under the REA Act 2008

Mobile: +64 27 532 3577
Office: +64 6 350 6066
bede.blatchford@bayleys.co.nz
View profile

Lewis Townshend

Palmerston North

Licensed under the REA Act 2008

Mobile: +64 21 454 508
Office: +64 6 350 6054
lewis.townshend@bayleys.co.nz
View profile

Karl Cameron

Palmerston North

Licensed under the REA Act 2008

Mobile: +64 21 428 092
Office: +64 6 350 6067
karl.cameron@bayleys.co.nz
View profile