Midway Plaza, Quality Tenanted Investment

Auction 12 noon, Friday 30th November, 2012\nBayleys Offices, 243 Broadway Avenue, Palmerston North\n\n- Superior retail block in Palmerston North\n- Superb location with three street frontages\n- Multiple tenancies (seven) - various lease terms\n- Fully tenanted - existing tenant mix has worked successfully\n- Low maintenance and well maintained\n- Abundant car parking\n- Fully managed by a professional property manager\n- Total Net Rental: $352,408 + GST generating great cash flow\nThis could be described as one of the best multiple retail properties in the City.\nPreferred and popular for its ease of access and car parking.\nA very good tenancy mix will ensure the vibrant future of this property. There is strong demand from prospective tenants for occupation opportunities in this complex.\nFor personal reasons the Vendors have reluctantly decided to sell this property and are committed to selling on Auction day.\n\nLand Area 4,046sqm\nFloor Area 2,040sqm\nCapital Value $3,700,000\nLand Value $1,250,000 \n\nCurrently returning $352,408 + GST and outgoings.\nFull tenancy details available on request.\n\n\nWe look forward to your enquiry, please call the selling agents Karl or Lewis for more information.\n