High Profile Corner Site for Development
Cnr, Cnr Fitzherbert Ave and College, City Centre, Palmerston North
- Proposed Usage
- Floor Area
- 646.00 m²
- Land Area
- 1618.00 m²
- Property ID
Located on a large common site on Fitzherbert Avenue directly opposite the Caltex Service Station. Fitzherbert Avenue has some of the highest vehicle counts in the city, servicing Massey University, the International Pacific University, UCOL, Ag Research, Linton Army Camp as well as the prime residential housing area of Palmerston North. The vast majority of motels are located along Fitzherbert Avenue.
This site consists of a commercial building and the adjoining residential home, both properties are to be sold as one collectively. The property offers one of the very best parcels for redevelopment in the city. Returning $60,000pa as holding income. The property is fully occupied with demolition clauses in the leases.