Church Street Marketing Particulars.pdf -

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MARKETING PARTICULARS Location Doesn’t Lie Rare Investment/Development Opportunity 516–518 Church Street, Palmerston North, 4410 6,575m2 PRIME REAL ESTATE (approximately) Boundary lines indicative only. FOR SALE IN TWO PARTS OR AS A WHOLE A Growing City Means Growing Real Estate Value About Palmerston North City → Palmerston North city is home to over 86,000 residents, with more than 116,000 people in the wider Manawatu region. → The city is a bustling urban centre, with its many tertiary institutions. Massey University, UCOL and IPU New Zealand are all based here, as well as others. → Its central North Island location makes it a popular hub for business. Palmerston North is home to Toyota’s national customer centre, two Foodstuff distribution centres, EziBuy’s international distribution centre, FMG, Higgins Group, Hunting & Fishing New Zealand and many other national head offices. Surrounded by a significant rural area, there is a well-developed agribusiness and agritech industry. → Palmerston North has a well-connected airport — New Zealand’s 8th busiest. A $40 million multi-modal freight hub is also currently in design. An Ideal Addition To Your Portfolio A sizable, central location in the middle of a growing city. 516-518 Church Street is located roughly: 15 MINS 25 MINS 5 MINS 1 KM WALK 1.8 KM WALK 400M WALK to the CBD to Palmerston to an extensive collection North Hospital of shops and supermarkets (Countdown, New World, BABCo Bakery, Unichem Pharmacy, Liquorland, BNZ and many others.) ← CBD 516-518 CHURCH STREET 1 2 Boundary lines indicative only. The Following Can Be Purchased Separately, Or As A Whole: Site One A Great Investment Opportunity → Land area approximately 3,305m2. → Includes three separate apartment blocks, for a total of 14 apartments plus a car parking area. → Each unit has two bedrooms and one bathroom, sitting at approximately 70m2. The overall area within the 14 apartments is approximately 980m2. → These apartments will require refurbishment to bring them in line with recent government insulation legislation. Please note this is included for indicative guidance only, it is not to scale and the measurements cannot be relied upon. Site Two Perfect For Redevelopment → Land area approximately 3,270m2. → Includes one house and a large open space in the rear. → Currently underdeveloped, this site is ideal for further development, subject to the requisite consent from Palmerston North City Council (PNCC). Please note boundary lines are indicative only. Development Options → It is our understanding that residential development can take place in this location, as of right, provided sections are not smaller than 350m2 and adhere to the requisite requirements of the Palmerston North City Council (PNCC). → The subject site is located within the Residential Zone of Palmerston North City District Plan and within an identified Multi-Unit Residential Area, where a greater density than that noted above may be permitted, subject to assessment by the PNCC. → Given the significance of the tertiary sector to the Manawatu, the site could equally be redeveloped for student accommodation, subject to PNCC consent. It is important to note that this is not a ‘Planning Statement’ and that each party should seek independent advice related to all matters contained within these particulars. If acquired separately, discussions will need to be entered in to with regard to access and/or boundary adjustments. Titles These sites sit within 7 titles, as noted below: Title Identifier Legal Description Area m2 WN13C/1182 LOT 1 DP 41609 727 WN13C/1183 LOT 2 DP 41609 1,018 WN13C/1184 LOT 3 DP 41609 971 WN13C/1185 LOT 4 DP 41609 1,137 WN13C/1186 LOT 5 DP 41609 928 WN13C/1187 LOT 6 DP 41609 877 WN321/55 Pt Section 894 TN OF Palmerston North 920 TOTAL 6,578 These Won’t Stay On The Market For Long An exceptional opportunity to own, invest or develop - whatever your vision, this site ticks the boxes. The preferred offer will likely relate to the combined opportunity, however interested parties are invited to bid for either ‘site’ in isolation. EXPRESSIONS OF INTEREST BY: NOON, WEDNESDAY 11TH DECEMBER (unless sold prior) Need More Information? Feel free to contact us with any questions. Email churchstreetpn@gmail.com Phone 021 221 9393 Due Diligence We strongly advise prospective purchasers to We do not warrant the accuracy of the LIM and no undertake their own independent written building liability is accepted for any errors or omissions. It inspection reports from a certified building inspector is recommended to all Purchasers and interested and LIM report from PNCC. parties that you make your own property file enquiries with PNCC for ‘Due Diligence’ purposes, We also advise prospective purchasers to consult and your own investigations with your lawyer, and with their solicitor prior to submitting an offer for respective qualified professionals. sale and purchase. Notice Of Disclaimer This Memorandum has been prepared solely to The Advisors have not independently verified any of assist interested parties in deciding whether the information contained within this document. to express their interest in the assets and then None of the Advisors or the Owner make any making their own evaluation of the properties and representation or warranty as to the accuracy or its assets. The Memorandum does not purport completeness of the information contained in the to contain all information that a prospective Memorandum and none of the Advisors or Owner Purchaser may require. In all cases, interested shall have any liability for any statements, opinions, parties should conduct their own investigation, information or matters (express or implied) arising analysis and verification of the data contained in out of, contained in or derived from, or for any this Memorandum and the properties. Neither the omissions from, or failure to correct any information delivery of this Memorandum nor any contractual in this Memorandum, or any other written or oral agreement concluded thereafter shall under any communications transmitted to any recipient of this circumstances create any implication that there has Memorandum in relation to the property. been no change in the affairs or prospects of the property since the date of this Memorandum or since Retention of this Memorandum will constitute the date as at which any information contained in acceptance of the recipient and readers of these this Memorandum is expressed to be applicable. terms and conditions and any recipients who do not accept any of the terms and conditions should return the Memorandum immediately. Further Contact: 021 221 9393 / churchstreetpn@gmail.com