ICONIC BUILDING WITH POTENTIAL RENTAL UPSIDE

14-18, Broadway Avenue, City Centre, Palmerston North

By Negotiation

Proposed Usage
Industrial
Floor Area
1400.00 m²
Land Area
337.00 m²
Description:
Property ID
1bqytrc

- High Profile freehold investment
- Hugh potential rental upside
- City central location
- Motivated vendor

The property is well located within the 'heart' of Palmerston North CBD. Approx. 30 metres northeast of the intersection of The Square and Broadway Avenue. Close to the eastern boundary is the large Downtown and Cinema 8 complex. Adjoining with four level AMP Building and ANZ Bank. Opposite of former Farmers department store, which has undergone a retrofit into multiple retail and office tenancies including Westpac, Just Looking and Healthcare 2000.

The property comprises a four storey commercial building constructed in the late 1930s, features a 'iggurat clock tower' it comprises three retail shops to ground level and three floors of office accommodation above..

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City Centre Area