For Sale | 271-275 MAIN STREET,
PALMERSTON NORTH 4410
Contact agent for details
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;