Colliers are proud to present exclusively to the market for sale this Blue Chip Commercial Investment located at 3-15 Donnington Street in Palmerston North.
With a 12 year net lease (commencing August 2018) to a Government tenant, this is an outstanding opportunity to add to your portfolio.
This modern building has an ideal location being in the heart of the CBD and close by to the Kiwi Income Plaza and has been fully strengthened to 100% NBS *.
With a net income of $552,109 per annum and regular market reviews, this opportunity ensures stable returns.
For further information on this exciting opportunity please contact the Colliers team today.
(* Letter of confirmation dated 28 August 2015, prepared by Omega Engineering Consultants Limited. Note. floor area, land area and boundary lines are indicative only).
Features:
* Land area 3,372sqm (more or less)
* Floor area 1,708sqm (more or less)
* Inner Business zoning
* 41 on-site car parks
