Sold Property

665 Pioneer Highway, Highbury - Palmerston North City, Manawatu / Whanganui

  • 2532 m2

$2,750,000

Prime Location Prime Investment

This property is seriously for sale as the owner is leaving the country.
Situated on the main arterial route south of the city to Wellington and centers south. This property is well appointed 15 unit titles, games room, pool, large managers accommodation.
 Approximately 50 carparks
 Total floor area 2532
 3km south of the CBD
 Current rental $210,000 net plus GST and OPEX
 30 year lease from 1st May 2011
 3 yearly rent reviews
 Mixed units, studio, family and executive
Note: not all units are for sale.
For further information contact Brian Kendrick or Murray Mansfield. Property ID: #PN2129

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Sold Date

  • 16 October, 2020

Property features

  • Property Type: Tourism / Motel / Hotel
  • Property Details: Tenanted Investment
  • Tenancy 1: Commencement Date: 01 May 2011, Expiry Date: 30 April 2041, Rental net/gross p.a.: 210000, Tenant Name: Mary and Terry Moore

Office

Harcourts Palmerston North

Licensed under REAA 2008

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Est. bond $1920
  • 2532 m2

Sold Property

665 Pioneer Highway, Highbury - Palmerston North City, Manawatu / Whanganui

$2,750,000

Prime Location Prime Investment

This property is seriously for sale as the owner is leaving the country.
Situated on the main arterial route south of the city to Wellington and centers south. This property is well appointed 15 unit titles, games room, pool, large managers accommodation.
 Approximately 50 carparks
 Total floor area 2532
 3km south of the CBD
 Current rental $210,000 net plus GST and OPEX
 30 year lease from 1st May 2011
 3 yearly rent reviews
 Mixed units, studio, family and executive
Note: not all units are for sale.
For further information contact Brian Kendrick or Murray Mansfield. Property ID: #PN2129

Property Features

  • Property Type: Tourism / Motel / Hotel
  • Property Details: Tenanted Investment
  • Tenancy 1: Commencement Date: 01 May 2011, Expiry Date: 30 April 2041, Rental net/gross p.a.: 210000, Tenant Name: Mary and Terry Moore

Sold Date

  • 16 October, 2020

Brian Kendrick Harcourts Palmerston North

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Harcourts Palmerston North

Office Harcourts Palmerston North Licensed under REAA 2008

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Need to sell before you Buy?

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