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Highly Sought After Government Tenanted Investment

256 Broadway Avenue, Palmerston North Central

Office Building
dollar

Negotiation

Floor area
631m2
Land area
1012m2
On this page:

Map

Property details

Listing # 67035241 | Listed on 14 July

FINAL NOTICE!

Colliers present to the market for sale this highly sought after Government tenanted commercial investment.

Leased to Kainga Ora, Homes and Communities with a 6 year lease term plus renewals, this is an ideal investment opportunity.

The property generates an estimated net income of $170,209 per annum and has regular two (2) yearly market rent reviews.

Located in the heart of the CBD and close to transport links, this 2-storey office building is ideal for the tenant’s current needs.

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

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


Features:

  • Land area 1,012sqm (more or less)
  • Floor area 631sqm (more or less)
  • 16 on-site car parks
  • 4 freehold titles
  • Outer Business zoning


More information: https://www.colliers.co.nz/p-NZL67035241

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