Occupying a commanding high-profile corner position on a 2,006sqm site, the property comprises approximately 1,003.70sqm of well-presented retail and trade showroom space, fully leased to Resene ColourShop.
Returning a rental of $220,000 per annum, the investment benefits from a newly renewed six-year lease, providing investors with immediate income security and long-term cash flow commitment.
Resene has occupied the property since 2009, and has established a significant presence in this location. The property stands alongside other national tenants New World, Spotlight and The Warehouse, highlighting the precinct’s importance within Palmerston North.
The building features a well-presented and maintained, clear-span showroom and trade workshop with a new roof installed in 2025 and the property assessed at >100% NBS.
Large-format retail investments with long-standing national tenants are difficult to secure, especially where tenant commitment and location fundamentals are so firmly demonstrated. 217 Main Street represents a genuine bottom-drawer investment.
The property is available For Sale by Deadline closing Tuesday 25 August 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:
* Rental $220,000 per annum (plus GST and outgoings)
* Land area 2,006sqm
* Floor area 1,003.70sqm
* Freehold estate
* Outer Business zoning
* 22 on-site car parks
* Seismic status >100% NBS (ISA report prepared by Stephen Mitchell Engineers Limited, dated 22 June 2026)
