Colliers is excited to present this superb commercial property for sale at 81 Lombard Street, Palmerston North.
Anchored by Ricoh New Zealand under a secure 3 year and 5 month lease expiring on 31 December 2028, with further rights of renewal, this asset delivers a premium investment at an affordable price point.
Strategically located near a key ring road corner, the property combines accessibility, scale, and a quality tenant covenant. The property also benefits from a recent modern fit-out completed by Ricoh.
For investors seeking scale, the neighbouring property is also available, tenanted by BNT Automotive with a 5-year lease term, offering the potential for a strategic multi-tenanted holding.
https://www.colliers.co.nz/p-NZL67036039
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 Ricoh New Zealand
- Net rental $82,600 pa + GST
- Outer Business zoning
More information: https://www.colliers.co.nz/p-NZL67036040
