Flaming Hot Investment

3, Campbell Street, City Centre, Palmerston North

Price On Application

Proposed Usage
Industrial
Floor Area
140.00 m²
Land Area
320.00 m²
Description:
Property ID
1c1mm51

- Fully tenanted (single tenant) by Godfreys BBQ and Grill Limited
- Annual rental $22,000.00 tenant pays outgoings
- Fixed rental growth
- Freehold site Superb corner profile

This is pretty simple. A fully tenanted passive investment with fixed rental growth and a personal guarantee on the lease. Since the lease commencement in March 2017, the property has been significantly refurbished internally and presents well.

Positioned on a high profile corner site, the 140sqm (more or less) building is located on a 320sqm (more or less) freehold section. Zoned Commercial Local Business, the property has existing rights from Palmerston North City Council for use as a restaurant. Onsite living accommodation (occupied by the tenant) is an added bonus.

Vendor is genuine to the selling process.
Deadline sale closes 4.00pm Thursday 17th May 2018 (unless sold prior)
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Enquire about this property

City Centre Area