94-100 Broadway Avenue, Palmerston North, Palmerston North

A Generous Yield on Broadway

• Superb multi tenanted retail investment
• A first class location
• Returning a net rental of $102,500.00 + GST
• Generous yield to be expected
• Vendors genuinely on the market

Comprising of three retail tenancies on the ground floor situated on Broadway Avenue, a premium strip shopping area of the City and facing the afternoon sun. A first class location.
This well maintained property offers substantial cash flow and relatively low management to the investor.
The Vendors are truly on the market and wish to sell on the Auction day.

Property Details

Land area: 834 square metres (more or less)
Floor area: 798.48 square Metres (more or less)
Zoning: Commercial Zone A


Tenancy Details

Name of Tenant: Mainline Music Ltd
Commencement date: 1 December, 2020
Lease Term: Two (2) years
Net Rental: $35,000.00 + GST

Name of Tenant: Food Innovations Oceania Ltd
Commencement date: 1 March, 2021
Lease Term: Two (3) years
Net Rental: $35,000.00 + GST

Name of Tenant: Orphans Aid International
Commencement date: 1 March, 2021
Lease Term: Two (2) years
Net Rental: $32,500.00 + GST