Colliers is proud to exclusively present for sale 483 Rangitikei Street in Palmerston North.

A rare opportunity to invest in the tightly held Cloverlea industrial precinct, this property presents a smart investment with built-in rental growth.

Leased to Lucas Engineering & Fabrication Limited for a 4-year term, expiring 1 June 2028, the property offers a superb workshop/warehouse facility with excellent exposure to State Highway 3.

The site is further supported by its drive-through capability, with a right of way enabling access through to Bisley Street.

For further information on the opportunity, contact the team today.

(Note. Floor areas, land areas and boundary lines are indicative only). 

Features:

• Freehold land area of 1,108sqm (more or less)
• Total annual net rental $52,416 + outgoings + GST
• Lease Term Expiry: 1 June 2028
• Rent reviews: Annual fixed increases

More information: https://www.colliers.co.nz/p-NZL67034961