A Generous Yield on Broadway


94-100 Broadway Avenue, Palmerston North

Auction

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A Generous Yield on Broadway | 94-100 Broadway Avenue, Palmerston North | 3051905 |      X Close
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Description

A Generous Yield on Broadway


•Superb multi tenanted retail investment

•A first class location

•Returning a net rental of $102,500.00 + GST

•Generous yield to be expected

•Vendors genuinely on the market

Comprising of three retail tenancies on the ground floor situated on Broadway Avenue, a premium strip shopping area of the City and facing the afternoon sun. A first class location.

This well maintained property offers substantial cash flow and relatively low management to the investor.

The Vendors are truly on the market and wish to sell on the Auction day.

Property Details

Land area: 834 square metres (more or less)

Floor area: 798.48 square Metres (more or less)

Zoning: Commercial Zone A

Tenancy Details

Name of Tenant: Mainline Music Ltd

Commencement date: 1 December, 2020

Lease Term: Two (2) years

Net Rental: $35,000.00 + GST

Name of Tenant: Food Innovations Oceania Ltd

Commencement date: 1 March, 2021

Lease Term: Two (3) years

Net Rental: $35,000.00 + GST

Name of Tenant: Orphans Aid International

Commencement date: 1 March, 2021

Lease Term: Two (2) years

Net Rental: $32,500.00 + GST

94-100 Broadway Avenue, Palmerston North

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