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Broadway Retail Investment

Palmerston North Central, 94-100 Broadway Avenue

$1,500,000 Plus GST (if any)

Listing Number: PN2139
About this listing
- Land area: 970 m²
- Net lettable area: 829 m²
- Carparks: 6 on site
- Fully leased returning $105,000p.a plus GST and outgoings
- 3 diverse tenants
- Seismic rating: 75% NBS
- Zone: Inner Business
- Information memorandum available upon request
Prominently located on Broadway Avenue within Palmerston North's CBD this building offers a neat investment. The surrounding area includes retail, restaurants, entertainment, service businesses and offices.
Fully tenanted with 3 diverse tenants; a music store, a restaurant and a furniture store.
Tenanted commercial investments are keenly sought, call now to arrange an inspection.
Property Information
  • Approx Floor Area: 834 sqm
  • Land Size: 977 sqm
  • Tenure: Fee Simple
  • Parking: Uncovered: 6
  • Property Type: Office, Retail
  • Approx Floor Area
    • Retail Square Metres: 834
  • Tenancy: Total rental if more than 1 tenancy $ (+ GST): 105,000 +gst
  • Tenancy 1: Commencement Date: 15 June 2016, Rights of Renewal: 3 x 1 yr, Tenant Name: Mainline Music, Term (years): 1 Year
  • Tenancy 2: Commencement Date: 01 March 2018, Rental net/gross p.a.: 35000, Rights of Renewal: 2 x 3 yr, Tenant Name: Rama Limited, Term (years): 6 years
  • Tenancy 3: Commencement Date: 01 October 2017, Rental net/gross p.a.: 35000, Rights of Renewal: 1 x 3yr, Tenant Name: Open Inspiration, Term (years): 4 yr

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