If you either driving from the Square through Rangitikei street or from out of town, this visible corner building always stands out. The building has a mix of commercial and residential apartments offering a good investment and only a minutes' walk from the Palmerston North CBD. This is the perfect location if you are looking to invest or create a new development.
Rates: $13,782.62 plus GST
Horizons: $476.56 plus GST
Insurance: $5,661.75 plus GST
Apartments income: $33,020
Ground floor lease $65,000 plus OPEX plus GST (end of lease august 2019).
Outgoings 100% recoverable (excluding ground floor lease)
Land Value: $620,000; Ratable value: $650,000 September 2018