• A first class tenant covenant

• Lease term of 5 years remaining

• Outstanding freehold site on Tremaine Avenue.

• Tenanted investment returning $140,400 pa net + GST

A bottom - draw investment returning $140,400 pa net + GST from a first class tenant with 5 years remaining on their current lease term plus rights of renewals out to 2033.

Located on Tremaine Avenue, the warehouse / showroom capital of Palmerston North. With huge traffic counts and extraordinary profile this large property of 2216sqm ( more or less ) offers wonderful development potential for the future. Strategically positioned and benefitting from ease of access, this quality property is extremely well presented and deserved of your attention.