Colliers is proud to present 233 245 Rangitikei Street, Palmerston North.

Purpose developed in 2002, this single level building provides bulk retail showrooms for national tenants Noel Leeming and Crackerjack. Returning $485,976 net per annum, and with a history of long standing tenancies, this property will appeal to those looking for a steady cash flow.

The property is located on Rangitikei Street, the city’s main North arterial traffic route in and out of the city. Impressive positioning invites powerful branding with excellent frontage and exposure to Rangitikei Street, the building is one of many among a cluster of retailers such as Countdown, McDonalds, Mitre10 Mega.  

Features:

• Prime location in Palmerston North
• Exceptional national tenants
• Prestigious bulk retail area
• $485,976.93 net rental pa

More information: https://www.colliers.co.nz/p-NZL67014856