Colliers is pleased to present to the market for sale 787-789 Main Street in Palmerston North.

Leased to Castle Bar 789 on a net lease and a rental of $110,025.40 per annum (plus GST), this property provides investors with a stable income and minimal operating outgoings.

Positioned on one of the city’s main arterial routes, this site benefits from exceptional daily traffic flows and outstanding profile and visibility.

An extensive car park supports strong tenant operations and enhances future re‑leasing potential.

Contact the Colliers team today for further information or to undertake an inspection.

(Note: All measurements and specifications are approximate. Boundary lines indicative only).

Features:

• Floor area 860sqm
• Land area 2,678sqm
• Freehold site
• Outer Business zoning
• 50 metre frontage to Main Street
• Rating value $1,715,000

More information: https://www.colliers.co.nz/p-NZL67038501