Palmerston North
85-89 Fitzherbert Avenue, Palmerston North, Palmerston North
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
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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