83-91 Lombard Street, Palmerston North, Palmerston North

Land Bank for the Future

- Total land area 1,839sqm (more or less) in a central high profile location
- Current holding income from commercial tenants $81,900 + GST pa, plus $16,800 pa from the residential tenancy.
- Attractive return with future refurbishment/development possibilities
- Vendor committed to selling

Here is an opportunity to secure a prime strategic location in the city centre. With three commercial tenants returning $81,900 + GST pa, plus $16,800 pa from an upstairs residential tenancy, this provides attractive holding income with the possibility of future refurbishment or development. With the Vendors committed to selling, this is an opportunity not to be missed.
Full tenancy details available upon request.

RV: $970,000