430 Rangitikei Street, Cloverlea, Palmerston North, Manawatu / Whanganui

Colliers is pleased to present for sale 430-432 Rangitikei Street, Palmerston North, an affordable, well-positioned industrial investment opportunity.   This substantial property comprises approximately 1,450 sqm of building area, prominently located on Rangitikei Street (SH3). The building is positioned to the front and centre of the site, supported by seven customer car parks at the frontage and an additional 450 sqm of secure yard space.   A standout is the property’s rare dual access, with entry from Rangitikei Street (SH3) and rear access to the secure yard via Darren Lane.   The current tenant occupies the premises on a month-by-month arrangement, providing holding income alongside flexibility for future occupation or redevelopment.   Surplus to the vendor’s requirements, this offering represents a genuine opportunity for owner-occupiers or developers to secure a versatile asset in a strategic location.   All enquiries and arrangements to undertake inspections to be directed to the sole agents.   (Note: All measurements, specifications and boundary lines are approximate only).

Features:

• Floor area 1,450sqm
• Land area 1,813sqm
• Fringe Business zoning
• Seismic status 55% NBS (IEP report prepared for the PNCC, dated 16 December 2015)

More information: https://www.colliers.co.nz/p-NZL67039851