Apartment for Sale

18 King Street Palmerston North Central, 0000

Price Upon Application
  • 6 Beds
  • 4 Baths

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Apartment for Sale in Palmerston North Central

BEO $1,000,000

  • 6 Beds
  • 4 Baths

BEO $1,000,000 or BEO $200,000 per floor
Inner city commercial with BIG residential flavour
With the changing demands of our lives, consideration is being given more often to
- How we live
- The size of our homes
- Maintenance Issues
- Whether we want land/or not
Apartment living while not new to Palmerston North is still a "newish" idea but definitely in light of the fast pace of life and ability of people to "be everywhere" while being in one place an apartment just makes a lot of sense.
Lock and leave, enjoy your down time, live simply, definitely worth consideration!

Ground Floor - Commercial Lease
Floors 1-4 - Residential Apartments

The Numbers:
Total Income - $91,240
(at 100% borrowing) = 9.1% return
Rates, Insurance & Lift inspections - $18,300.75

A solid property showing very stable returns. This property also has definite potential in respect of location, changing lifestyle demands and physically if you were to upgrade the apartments.

Viewing by appointment only

Property ID:

PNO23480

Building:

164m²

Land:

164m² / 0.04 acres

Bedrooms:

6

Bathrooms:

4

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