For sale by Tender, closing 2pm, Wed 1 Apr 2026 (will not be sold prior), Bayleys, 243 Broadway Avenue, Palmerston North
Positioned on expansive, park-like grounds, this stunning character residence offers a rare and versatile opportunity to combine lifestyle living with multiple income streams.
Originally built circa 1903-1904 by master builder Abraham du Fresne, this grand home showcases distinctive Scandinavian architectural influences, beautifully preserved and rich in heritage charm.
Beyond its undeniable beauty, what truly sets this property apart is its established and future commercial potential.
Income and Commercial Potential
• Commercial kitchen onsite - ideal for catering businesses, events, or food-based enterprises
• Perfect for weddings and functions - picturesque grounds and elegant interiors create a dream venue
• Conference and retreat capability - multiple living spaces and outbuildings support group events
• Airbnb or boutique accommodation - spacious layout and character appeal suit premium short-stay guests
• Versatile outbuildings - former stables partially converted, offering further development potential
Whether you're looking to operate a boutique event venue, accommodation business, or home-based enterprise, this property provides the scale and infrastructure to do so.
The Residence
Step into timeless elegance with a home that is as impressive inside as it is from the street. A wrap-around veranda, turreted entrance, and ornate detailing set the tone for what lies within.
• Four generous double bedrooms plus office
• Master suite with ensuite and floor-to-ceiling sash windows
• Interconnecting living and dining areas designed to capture all-day sun
• Exceptional natural light through tall double-hung windows, some to floor level
• Five original fireplaces (ornamental) with detailed surrounds
• Pressed tin ceilings and tongue-and-groove panelling with soaring stud height
