A modern two-storey commercial building, constructed in 2008/09, offers an exceptional investment opportunity in the "heart" of Palmerston North's central business district, fronting The Square.
This well-maintained property is fully tenanted and currently returns a strong net rental income of $278,990.00 net pa + GST.
The ground floor features a mix of office and retail space, while the first floor is dedicated to office accommodation. At the rear, the property has an asphalt-sealed carpark for seven carparks, four of which are secured.
Palmerston North, a vibrant and growing city, serves as the economic and cultural hub of the Manawatū-Whanganui region. Known for its strategic central location, the city is a key logistics and distribution centre.
This property combines a modern build, prime location, and a solid tenant mix, making it a standout investment opportunity in Palmerston North's dynamic central business district.
Contact Danny Blair or Doug Russell for further information.
(Note. Floor and land areas are indicative only).
Features:
- Modern two storey building
- Fully leased
- On-site carparking
- Well located in Palmerston North CBD location
- $278,990.00 net pa + GST
More information: https://www.colliers.co.nz/p-NZL67033638
