179 Centennial Drive, Hokowhitu, Palmerston North

Massey University Hokowhitu Campus

- Comprises a tertiary education facility on approximately 10 hectares
- Twenty main buildings on site with 486 car parks
- Significant potential for redevelopment of vacant land
- Various leases generating approximately $1,800,000.00 per annum
- Massey University will lease back various areas
- Adjoins The Manawatu Golf Club

The campus offers an investor an opportunity to purchase a substantial property holding which provides a significant rental income and development potential.

The property comprises a land holding of 10 hectares (more or less) and 20 buildings with a gross floor area of approximately 29,799sqm.

Tenancies will generate an annual rental of approximately $1,800,000 from a number of tenants including the New Zealand Defence Force and The Ministry of Education.
Massey University has expressed keen interest in remaining in occupation in a number of buildings.

Click www.hokowhitucampus.co.nz to view Massey University's dedicated due diligence website

Click here to view Massey University's press release in True Commercial, NZ Herald

Click here to view Massey University's press release on interest.co.nz