271-275 MAIN STREET
Palmerston North

FREEHOLD LAND INTEREST - with a registered GROUND LEASE

$680,000 (+GST if any) returning $35,750 net p.a

A rare opportunity exists to purchase the freehold land interest at 271-275 Main Street, Palmerston North (Railway Hotel Site) with a ground lease retuning $31,750 (5.25%) net p.a.
The ground lease is for 20 years with a 5 yearly rernt review (@ 7% to market value) and perpetually renewable.

An investment memorandum is avaliable on request, please contact;
terryt@thorntonrealty.co.nz
campbellt@thorntonrealty.co.nz