Cloverlea, Palmerston North City

Positioned in one of Palmerston North’s sought after industrial precincts, 25–31 Pirani Place presents a compelling investment opportunity with proven income and enduring tenant appeal.The property is fully leased to two established tenants, Arc-I Engineering and Elite Automotive, providing a diversified and stable income stream. Returning a net rental of $77,000 per annum, the investment offers immediate cashflow with the security of well-regarded local occupiers.The improvements comprise a total building area of approximately 882sqm, positioned on a freehold landholding of 1,403sqm. The site is well configured for industrial use, offering functional buildings suited to a range of engineering and automotive operations, with access and front yard components supporting ongoing tenant requirements.Located just off the busy Tremaine Avenue industrial corridor, the property benefits from excellent connectivity to key transport routes and surrounding commercial activity, underpinning its long-term desirability.With a strong leasing profile, established tenants, and a strategic industrial location, this property represents an attractive opportunity for investors seeking a low-maintenance asset with reliable returns in a tightly held market.The property is available For Sale by Deadline closing Tuesday 28 July 2026 at 3pm (unless sold prior).Contact the Colliers team today for further information or to inspect the property.(Note: All measurements and specifications are approximate. Boundary lines indicative only). Features: Annual net rental $77,000 plus GSTLeased to Arc-I Engineering with a 2 year term from 28 November 2025Leased to Elite Automotive with a 3 year term from 2 May 2025 More information: https://www.colliers.co.nz/p-NZL67041109