This stand alone retail building in Palmerston North`s Square is in a busy location near The Plaza. The new tenant Acquisitions is one of a nationwide network, the store is beautifully presented and is trading well.The rental is under market and should provide good increases at the next review. The tenant has a new 3+3 year lease at $115,000 net rental p.a. for the 344m2 net lettable area on a land site of 483 sqm. The building will need strengthening in the long term but the tenant has requested that this does not happen in their first term. This is a cheap opportunity to obtain a great site in The Square.

Contact exclusive agent Terry Campbell

Campbell Realty Trustees Ltd

0274 428 258 terry@campbellrealty.co.nz