268sqm
floor area
1,710sqm
land area
Income | Immediate cashflow upon settlement, with yearly CPI reviews. |
Lease Term | Secure 10-year lease term, with further rights of renewal. |
Tenant | Longstanding tenant, Little Monkeys, has a strong presence in the community and is partially government funded. |
• New 10-year lease term with further rights of renewals
• Returning $60,000 net pa + GST
• Well established tenant with government assisted funding
• Central location with great connectivity to the CBD
A superb opportunity to secure a 10-year investment. A rare offering in this market. Returning an initial net income of $60,000pa + GST, this property is genuinely on the market and the Vendor is committed to a result.
In a prominent location, this freehold property of 1,710 square meters is within walking distance of the CBD. Great access and plentiful parking onsite has supported the Tenant's occupation for 10 years. With various connections to amenities and transport, this central location is excellent.
Underpinned by rapid growth in the region, the Manawatu has a massive infrastructure spend of circa $8billion unfolding and due for completion over the next 5-10 years. The ongoing benefits in the local area are immense.
Don't miss out.
Licensed under the REA Act 2008
Mobile: +64 21 266 8694 |
Office: +64 6 357 4989 |
[email protected] |
Licensed under the REA Act 2008
Mobile: +64 27 316 3870 |
Office: +64 6 357 4989 |
[email protected] |
268sqm
floor area
1,710sqm
land area
Income | Immediate cashflow upon settlement, with yearly CPI reviews. |
Lease Term | Secure 10-year lease term, with further rights of renewal. |
Tenant | Longstanding tenant, Little Monkeys, has a strong presence in the community and is partially government funded. |
10 Pascal Street, Palmerston North
Open in mapLicensed under the REA Act 2008
Mobile: +64 21 266 8694 |
Office: +64 6 357 4989 |
[email protected] |
Licensed under the REA Act 2008
Mobile: +64 27 316 3870 |
Office: +64 6 357 4989 |
[email protected] |
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