20 Mihaere Drive, Palmerston North, Palmerston North

12 year triple net lease T&G Global

• 7,181sqm building area offered with a long term triple net lease
• Strong tenant covenant in T&G Global, returning $772,425pa + GST
• Freehold land holding of 2.8310ha with future development potential
• Low site coverage of only 22.78%
• Functional buildings well suited for the current tenants needs

Underpinned by a twelve (12) year triple net lease to a NZX listed tenant, T&G Global. This property represents a solid passive investment opportunity with long term upside.

Not only does the property feature additional land for future development, the wider area is fast becoming a major industrial hub following the recently opened Transmission Gully together with the new Manuwatu Gorge Motorway under construction.

Enjoy the substantial income now with many future add value scenarios on this large land holding.

Karl Cameron
021 428 092
karl.cameron@bayleys.co.nz

Sunil Bhana
021 938 660
sunil.bhana@bayleys.co.nz

Scott Campbell
021 414 107
scott.campbell@bayleys.co.nz