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Palmerston North CBD

43 Alderson Drive, Palmerston North CBD, Palmerston North

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1,504sqm Floor area
7,552sqm Land area SQM

For Sale by Negotiation

Quality industrial investment - long net lease


Attractive industrial investment leased long term to national tenant - Big Chill Distribution Ltd.

Completed in 2013, this quality industrial has a high seismic rating of 100% NBS. Big Chill have a national network of 9 depots specialising in frozen goods distribution. Located in the growing Manawatu Business Park alongside Foodstuffs, Ezibuy, Filway, and Downer EDI. In addition, there is surplus land of 1,692sqm for expansion.

Net income $456,449 pa plus built in annual CPI growth.

Easy investing with a net lease - tenant pays outgoings.

Grant Young

Grant Young

Investment and Development Sales

Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Karl Cameron

Karl Cameron

Commercial Sales

Mid West Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Lease term


Long lease expiring November 2032

Occupancy


Net lease - tenant pays outgoings returning $456,449 pa

Growth


Built-in annual CPI growth

Anchor tenants


Well-established national tenant - Big Chill Distribution