Colliers is proud to present to the market for sale 16-22 Queen Street in Palmerston North, an exceptional commercial investment opportunity.

This is a modern looking, central property located within the city’s ring road leased to an established local tenant, Evolve Performing Arts Centre.

Generating a net income of $44,000 per annum with ample on-site parking, this is an ideal first-time investment or a valuable addition to any portfolio.

For more information on this exciting opportunity, contact the Colliers team today.

(Note. Floor and land areas are indicative only).

Features:

• Land area 629sqm (more or less)
• Floor area 320sqm (more or less)
• 65%-70% NBS (Seismic assessment prepared by Silvester Clark Limited and dated February 2013)
• Inner Business zoning
• Freehold title

More information: https://www.colliers.co.nz/p-NZL67035203