Flaming Hot Investment

3, Campbell Street, City Centre, Palmerston North

Price On Application

Proposed Usage
Floor Area
140.00 m²
Land Area
320.00 m²
Property ID

- 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)

Enquire about this property

City Centre Area