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Palmerston North

85-89 Fitzherbert Avenue, Palmerston North, Palmerston North

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3,000sqm Floor area
2,099sqm Land area SQM

For Sale by Negotiation

National Tenants - Chasing Cashflow/Yield?


- Current net income $387,470 + GST
- Multiple National tenants
- Outstanding corner site, adjoining ‘The Plaza' Shopping complex
- Massive traffic flows
- Seismic: >67%NBS

Positioned on a prominent corner within Palmerston North's CBD, the property offers a diversified mixture of national tenants with unmatched profile, frontage and parking.
This outstanding corner site adjoins ‘The Plaza' shopping complex. The property has well-established ground retail tenants generating generous cashflow, with two (2) vacancies on level one offering additional rental growth opportunities. This property represents a superb opportunity to secure a passive investment with value-add/yield upside.

Genuinely on the market, the Vendors are expecting a result on closing day.

Information sourced: REINZ

Angus Findlay

Angus Findlay

Commercial and Industrial Sales and Leasing

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

Features

Rent review


Offering a mixture of regular CPI and Market rent renewals

Prime Frontage


Positioned on the corner of Fitzherbert Avenue & Fergusson Street

Passing Income


Current net income $386,275 + GST

Seismic (NBS rating)


67% NBS

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Property files

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