Quick Search
GO
For Sale
271-275 MAIN STREET, PALMERSTON NORTH 4410






Property ID 2813025
INVESTMENT OPPORTUNITY
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  
Price:
Contact agent for details
Inspection Times
Contact agent for details
Land Size: 2204 m2
Contact
Terry Thornton
Licensed Salesperson (REAA 2008)
M: 021 229 5397
BH: 06 8777 554
Email Agent
Campbell Thornton
Licensed Salesperson (REAA 2008)
M: 021 588 441
BH: 06 8777 554
Email Agent
Interactive Toolbox
More Photos   | Email A Friend   | Print Brochure   | Bookmark Property   | View Bookmarked Properties   | View Map   | Calculators        
Marketers of prime property