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Retail Property

Palmerston 

Sold on 14 Mar 2016
  • Building: 420m²
  • Land: 699m² (0.17 acres)
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Retail Property in Palmerston

PALMERSTON INVESTMENT

  • Building: 420m²
  • Land: 699m² (0.17 acres)

This is a great entry level opportunity for someone wanting to invest in a smaller town in North Otago that is the gateway to Alexandra, Cromwell, Queenstown and Wanaka. There are opportunities here for someone to get on the commercial property ladder and acquire a tidy, well looked after building divided into three outlets. One a busy supermarket with a good lease, and a cash flow machine, and the same tenant also has a separate licensed liquor outlet in the adjoining shop. The third a gift shop on a more flexible arrangement with a good long term tenant currently trading well and wanting to stay.
Palmerston has excellent cafes and food outlets, varied local shops, a garage, a tavern, good schools and is a popular destination for holiday makers, and tourists travelling through north and south or to the popular Central Otago area .
Perhaps its time to relocate, invest in a popular country town and have a more affordable lifetyle.
Price: $150,000 plus GST if any

Building:

420m²

Land:

699m² / 0.17 acres