Located on one of Palmerston North's most established industrial corridors, 597-599 Tremaine Avenue presents an outstanding opportunity for owner-occupiers seeking a strategic business location while benefiting from strong holding income.
The property comprises three industrial units with a total building area of 1,371sqm on a 2,090sqm freehold site. Two tenancies are leased, generating a combined estimated net rental income of $130,914 per annum plus GST, providing a substantial contribution towards ownership costs from day one.
The vacant unit offers an ideal opportunity for an owner-occupier to establish their business in this tightly held industrial precinct, while enjoying the security of income from the adjoining leased tenancies. The improvements provide a versatile mix of warehouse, showroom and mezzanine accommodation, suitable for a wide range of industrial and trade-related activities.
With a seismic rating of 67% NBS, excellent exposure to the busy Tremaine Avenue corridor and convenient access to key transport routes, the property offers both functionality and profile.
Rear service access enhances operational efficiency, providing convenient loading and unloading for trucks and service vehicles while keeping customer and staff areas separate. This functionality improves vehicle circulation, supports a wide range of industrial uses, and adds to the property's overall practicality and appeal.
Opportunities allowing occupiers to secure their own premises while benefiting from significant passive income are seldom available. 597-599 Tremaine Avenue offers the ideal combination of business ownership, investment return and future flexibility in one of Palmerston North's premier industrial locations.
The property is available For Sale by Deadline closing Tuesday 15 September 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:
* Estimated net rental income $130,914 per annum (plus GST)
* Three-unit industrial investment
* Warehouse, showroom and mezzanine accommodation
* Building area: 1,371sqm
* Land area: 2,090sqm
* High-profile Tremaine Avenue location
* Seismic status 67% NBS (Producer Statement - PS4, prepared by Silvester Clark Ltd dated 14 June 2021)
