Play Button
Watch Video

Palmerston North 723 Main Street

ID BC64443
By Negotiation

8+% Yield $400,000 net income

A truly unique opportunity to own one of Palmerston Norths iconic commercial properties. 723 Main Street is ideally positioned with a constant flow of traffic going past the front door. This large 3,618m2 site has great access and plenty of off-street parking. A spacious and modern layout with plenty of open space and natural light. A solid income stream from the mix of cafe, retail and lease-able office space makes this a fantastic investment opportunity. •Land Area 3,618m2 •Floor Area 2,459m2 •Net return income $400,000 •Multi-tenanted spreading investment risk •NBS rating 80% •Vendor expectation - 8% yield Valuation and LIM reports are available on request
CHATTELS  Fixed floor coverings   |   Light fittings   |   Walls and built in offices   |   including partition walls. Fire alarms and sprinkler systems. All electrical wiring and lighting. Sound system and built in speakers. Exterior concrete planters. Alarm system. Gas heating system. 2x gas heaters in King and Teppett. Kitchen facilities in upstairs kitchenette. Dumb waiter to upstairs old kitchen. All 24 heat pumps and ducting in building including 2 to be installed in King and Teppett shortly. Server box in storeroom and all wiring connecting tenancies.    |    (Excluded Chattels: Feature lighting owned by King and Teppett and Taylor Road Small sample areas of floor coverings in King and Teppett 1 heat pump in Yellow pages server room Routers)
Area | 2459.00m2Land | 3618 m2LV | $2,000,000RV | $4,500,000
Play Button

Ian Steele

M  027 441 1235  P  06 323 1527

Joanne Steele

M  027 441 1234  P  06 323 1526

Enquire Now

ASAP  ASAP  ASAP  ASAP  0-2 months  0-2 months  0-2 months  0-2 months  3-6 months  3-6 months  3-6 months  3-6 months 
Yes  Yes  Yes  No  No  No 

Privacy Statement

Property Brokers Ltd MREINZ acknowledges and complies with the provisions of the Privacy Act 1993 and its amendments. In particular Property Brokers policy covers the following specific points relevant to this topic and this website:

Any client information you provide to Property Brokers will be used only for the purpose for which it is given and will not be passed on to any third party except in accordance with the law, or with specific consent.

In the main, this will be to facilitate company communication with you in order to better meet your real estate objectives and expectations.

Information provided by you will remain confidential to Property Brokers Real Estate Ltd MREINZ. This particularly applies to your reasons for selling which we regard and treat as a personal and private matter.

Any information divulged by you to any other website linked to the Property Brokers website is given at your discretion alone, and Property Brokers takes no responsibility for any disclosures that might result.

Information provided on this website is copyrighted to Property Brokers and may be accessed, downloaded and used for personal use only. The material must not be modified, copied or reproduced for gain or commercial use without the consent in writing of Property Brokers Real Estate Ltd MREINZ.


Google disclaimer

This website uses Google Analytics to help analyse how users use the site.

The tool uses "cookies," which are text files placed on your computer, to collect standard Internet log information and visitor behaviour information in an anonymous form.

The information generated by the cookie about your use of the website (including your IP address) is transmitted to Google. This information is then used to evaluate visitors use of this website and to compile statistical reports on website activity.

We will never (and will not allow any third party to) use the statistical analytics tool to track or to collect any Personally Identifiable Information of visitors to our site. Google will not associate your IP address with any other data held by Google. Neither we nor Google will link, or seek to link, an IP address with the identity of a computer user.

You may refuse the use of cookies by selecting the appropriate settings on your browser, however please note that if you do this you may not be able to use the full functionality of this website.

By using this website, you consent to the processing of data about you by Google in the manner and for the purposes set out above.

This website uses Google AdWords

This website uses the Google AdWords remarketing service to advertise on third party websites (including Google) to previous visitors to our site. It could mean that we advertise to previous visitors who havent completed a task on our site, for example using the contact form to make an enquiry. This could be in the form of an advertisement on the Google search results page, or a site in the Google Display Network. Third-party vendors, including Google, use cookies to serve ads based on someones past visits to the [CLIENT NAME] website. Of course, any data collected will be used in accordance with our own privacy policy and Googles privacy policy.

You can set preferences for how Google advertises to you using the Google Ad Preferences page, and if you want to you can
opt out of interest-based advertising entirely by cookie settings or
permanently using a browser plugin.

Ian Steele
Rapid SSL Site Seal
Similar Listings
751-759 Main Street
Terrace End

Investments of this calibre rarely come to the market. Located on one of the city's busiest intersections, this high-profile new modern building offers investors a ...

By Negotiation