THE former Palmerston Bunnings site has sold to a developer for $7.5m.
NTC Property director Nigel Sharp said the new owner, a prominent local developer, was seeking leasing inquiries, with the 6500 sqm site likely to be split into a number of smaller lease opportunities.
“They’re certainly looking at it as a value-add site, whether that’s 10 years or 15 years who knows,” he said.
“It’s a landmark site going into the central business zone of Palmerston.”
Mr Sharp said the space