10 Pascal Street, Palmerston North, Palmerston North

10 Year Lease Term - Immediate Income

• 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.