Colliers is proud to present to the market for sale 16-22 Queen Street in Palmerston North, an exceptional commercial investment opportunity.
This is a modern looking, central property located within the city’s ring road leased to an established local tenant, Evolve Performing Arts Centre.
Generating a net income of $44,000 per annum with ample on-site parking, this is an ideal first-time investment or a valuable addition to any portfolio.
For more information on this exciting opportunity, contact the Colliers team today.
(Note. Floor and land areas are indicative only).
Features:
* Land area 629sqm (more or less)
* Floor area 320sqm (more or less)
* 65%-70% NBS (Seismic assessment prepared by Silvester Clark Limited and dated February 2013)
* Inner Business zoning
* Freehold title
