Colliers present to the market for sale 25-29 Mahinui Street in Feilding, a prime industrial investment opportunity that deserves your attention.
The site is located within the thriving Riverside Industrial Park near State Highway 54 and less than 15 minutes drive from Palmerston North.
The property features a secure annual net rental income of $235,789.50 to an established tenant, with guaranteed rental growth.
The expansive infrastructure spans an impressive 4,455sqm on a land parcel of over 1.5 hectares.
The building has a seismic status of 70% NBS (PS4 dated 21 September 2020 and prepared by Silvester Clark Limited).
This property also offers the unique opportunity to increase returns by subdividing unused land which the vendor has already commenced.
Contact Colliers today for further details about this exclusive opportunity.
(Note. Floor and land areas are indicative only).
Features:
* Tenant: Fibreglass Developments Limited
* Freehold title
* Industrial zoning
