Colliers presents for sale this character commercial building located on The Square in Palmerston North.
The building has just been strengthened to 67% NBS and is fully refurbished.
Estimated current net rental $97,750 per annum. Potential total net rental from letting first floor $184,000 per annum (estimated).
There are rental growth opportunities with the ground floor fully tenanted and the first floor ready to lease.
Call today for further information on this commercial opportunity.
Features:
- Estimated current net rental $97,750 per annum
- Potential total net rental from letting first floor $184,000 per annum (estimated)
- Building strengthened to 67% NBS and fully refurbished
- Character commercial building in well located city position
- Tenants - Alchemy & I, Stunned Mullet, Table 188
- Multi-tenanted investment with great upside
- Rental growth opportunities – first floor is ready to lease
More information: https://www.colliers.co.nz/p-NZL67013754
