Day: January 17, 2021

Local developer buys former Palmerston Bunnings site for $7.5m, on the lookout for businesses to take up leases

NTC Property director Nigel Sharp has sold the old Bunnings site in Palmerston for $7.5m. Picture: Glenn Campbell

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

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