Palmerston North
85-89 Fitzherbert Avenue, Palmerston North, Palmerston North
+15
National Tenants - chasing cashflow/yield?
- Current net income $424,882 + GST
- Multiple National tenants
- Outstanding corner site, adjoining ‘The Plaza' Shopping complex
- Massive traffic flows
- Seismic: >67%NBS
Positioned on a prominent corner within Palmerston North's CBD, the property offers a diversified mixture of national tenants with unmatched profile, frontage and parking.
This outstanding corner site adjoins ‘The Plaza' shopping complex. The property has well-established ground retail tenants generating generous cashflow, with two (2) vacancies on level one offering additional rental growth opportunities. This property represents a superb opportunity to secure a passive investment with value-add/yield upside.
Information sourced: REINZ
Rod Grieve
Mid West Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Rent review
Offering a mixture of regular CPI and Market rent renewals
Prime Frontage
Positioned on the corner of Fitzherbert Avenue & Fergusson Street
Passing Income
Current net income $386,275 + GST
Seismic (NBS rating)
67% NBS
Have your questions answered
Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.
Request more information
Contact us and have your questions answered.
Property files
Use the download button below to view all available documents for this property.