This very tidy property is well situated in Princess Street, Palmerston North has a long-term anchor tenant. It has one tenant Central Rentals, on the ground floor and three on the first floor. This investment property would suit an investor looking to enter the commercial property market or grow their current portfolio. This is a very well-maintained, modern building with two levels and a floor area of 900m2 (more or less) and a land area of 491m2 (more or less).
• Multi tenanted • Rent $104,851 pa net plus GST
• Long-term anchor tenant
• CPI + market rental growth
• 83.8m2 covered loading bay