- For Sale
For SaleDeadline Private Treaty 30th Mar 2021 4pm
The site is fairly regular in shape, located next to the intersection of Kaimanawa Street, Mihaere Drive and Makomako Road. The approximately 187m² of road frontage towards Makomako Road provides high visibility and exposure.
The site’s total area is 3.4686ha with a 13,603m² building, plenty of heavy-duty sealed car parking and yard area of approximately 5,454m² and a land bank of 1.4505ha.
In terms of contour, the site is essentially flat.
The overall land is held in two titles and currently zoned industrial under Palmerston North City Council.
The property is located some 3.5km east of the Palmerston North Business District within an established industrial location that has seen considerable new development over recent years. The area is home to many substantial industrial premises focusing upon either distribution, transportation or manufacturing usage.
In recent years, Palmerston North has experienced rapid growth in the industrial sector which resulted in a shortage of Industrial land, meaning higher values and firming yields.
The area has seen major expansion in the warehousing and distribution sector. Palmerston North is now well-established as the major distribution hub for the lower north island.
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Ref #: 20649011