It’s the biggest deal of the year for Palmerston North.
A Rangitikei iwi investment group has purchased a large-format retail block in Palmerston North for $9.6 million.
The rental generates $900,000 a year, giving a yield of 8.9%.
The retail centre, on Rangitikei St in the centre
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Chris Hutching for NBR NZ Property Investor
Wed, 30 Oct 2013
Wed, 30 Oct 2013
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Biggest deal for Palmy this year
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