- 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