Colliers is excited to present this premium commercial property for sale at 73 Lombard Street, Palmerston North.
Leased by Brake & Transmission NZ Ltd under a secure 5-year lease expiring 31 December 2027, with further rights, this asset represents a high-quality, low-maintenance investment suited to any portfolio.
Positioned on a prominent corner on the city’s ring road, the property offers all the key fundamentals with a strong tenant covenant, excellent accessibility and a substantial, modern showroom/warehouse facility.
For investors seeking scale, the neighbouring property is also available, tenanted by Ricoh New Zealand with a 3 year and 5 month lease term and net rental of $82,600 plus GST (website link below), offering the potential for a strategic multi-tenanted holding.
https://www.colliers.co.nz/p-NZL67036040
The properties are available For Sale by Deadline closing Tuesday 7 October 2025 at 3pm (unless sold prior).
For more information on this opportunity, contact the Colliers team today.
(Note. Floor area, land area and boundary lines are indicative only).
Features:
- Leased to BNT Automotive
- Net rental $138,249 pa + GST
- Outer Business zoning
More information: https://www.colliers.co.nz/p-NZL67036039
