46A Bennett Street, Cloverlea, Palmerston North
price TBC
1,010m2
339m2
For sale childcare centre investment property
46A Bennett Street is a minute's drive from SH3 - Rangitikei Line in the Cloverlea industrial area, with a residential neighbourhood nearby. The property offers a very well-maintained, modern building with a floor area of 339m2 (more or less) on a land area of 1010m2 (more or less). This industrial property is equipped with a new solar power system. Power is exported to the national grid when minimal power is used on weekends, after hours and public holidays. The system has an expected life span of 30 years, a 3-phase power sprinkler system, extra heavy-duty double-glazed windows, sound-proofed ceilings and walls, a monitored fire alarm and security system, a sizable rear yard, ample parking and a safe pick-up and drop-off zone is ideal for this long-term tenant, Little Acorns Childcare, to operate from. In 2018, a structural performance upgrade was undertaken on the building as part of the building alterations work. Report available upon request. With a 12-year lease in place from the commencement date of 1st June 2024 and the 2% CPI rent increase on the 1st June 2025, the tenant paying 100% of the outgoing cost, this offers a sound investment in a well-maintained, modern property that could lend itself to many other uses in the future.
46A Bennett Street, Cloverlea, Palmerston North
Web ID
BC202976
Floor area
339m2
Land area
1,010m2
District rates
$9,971.92pa
Regional rates
$1,120.93pa
LV
$480,000
RV
$1,490,000
price TBC
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