Enjoy an 8.5% yield on the current net income of $175,179.00.
Occupying a prime corner site (Corner of Walding & Taonui Streets Palmerston North) this multi tenanted investment property consists of four premises with a range of tenancy types and with great car parking (there are a total of 25 onsite car parks).
There are three national tenants being The Blind Foundation, Southern Hospitality and Allied Work Force along with one well established local tenant.
The property has a seismic rating of 70.0% of NBS (PS4 available).
A very attractive property investment that offers great flexibility and future appeal.