451 Tremaine Avenue, Takaro, Palmerston North, Manawatu / Whanganui

Long-standing panel and paint tenant with secure income and a strong profile.

A rare opportunity on one of Palmerston North’s busiest commercial corridors. This well-located property on Tremaine Avenue is occupied by an established panel and paint operator, providing dependable income in a tightly held area where properties seldom come to market.

With $56,083 net per annum plus GST, a 5-year term commencing 02 March 2025, and two (2) further five (5) year rights of renewal, the tenant who has operated on site for many years provides a straightforward, low-maintenance investment.

Properties of this nature, with established tenants and strong street exposure, are genuinely rare on Tremaine Avenue. The combination of secure income, proven tenant longevity, and a high-visibility location makes this an appealing option for investors seeking reliability and long-term performance.