1 And 4 Manchester Square And 70 And 72 Manchester Street, Feilding
By Negotiation
635m2
1,176m2
+6
+5
Multiple tenancy development opportunity
A rare opportunity to purchase four separate properties with six tenancies located on the corner of Manchester Street and Manchester Square, the heart of Feilding's CBD. The properties are on four individual titles and can be sold separately or all together. With a total net income of approx. $63,000 there is good holding income while new owners can explore development opportunities. The vendors are realistic and motivated to sell. There is great potential here to re-develop this site and take advantage of the increase in demand for retail and office space in this vibrant town. Call Ian now for further information.
1 And 4 Manchester Square And 70 And 72 Manchester Street, Feilding
Web ID
FC180082
Floor area
1,176m2
Land area
635m2
District rates
$21,155.50pa
Regional rates
$1,116.27pa
LV
$865,000
RV
$1,048,000
By Negotiation
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With nine lots already sold there is just one lot remaining in this high profile development close to the Feilding CBD and on the main arterial route of town. On the doorstep of Manfeild Park, home to motor sport, equestrian events, CD Field days and many other local events and adjacent to the Feilding sale yards and other rural based businesses. This is your opportunity to develop a purpose built premises for your business situated alongside other successful Feilding businesses who are relocating to this site, which includes a local plumbing business, professional offices, a local flooring company and a Church Community Centre. Feilding is experiencing strong growth, the vibrant town has a population of approx. 17,000, and just 15mins drive to Palmerston North a major distribution hub for the central North Island. Call now for further information, this is a rare opportunity to purchase freehold land close to the town centre.
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Occupying a prime corner site in the heart of Feilding's central business area this part two storey commercial building includes six tenancies. The anchor tenant is the Bank of New Zealand who occupy ground floor retail plus a second lease for first floor offices and meeting rooms. The balance of the ground floor is tenanted with Paper Plus retail store, Bay Audiology and the Automobile Association. With first floor offices occupied by Vet Services Marketing. These well-established prominent tenants return a net rental of $262,630pa. The building has been constructed in a style that remains sympathetic to the heritage nature of the pre-existing buildings, retaining existing facades in keeping other surrounding buildings. The prominent site has frontage onto three streets, an internal lift and stairs provide access to the first floor. This is an opportunity to invest in the vibrant town of Feilding, currently experiencing good growth and demand for commercial space. Call Ian for further information.
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By Negotiation
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