Colliers is proud to present to the market for sale 243 Broadway Avenue in Palmerston North.
Situated in a well-regarded professional precinct, this property offers strong locational appeal with proximity to cafes, public transport and key city services.
The building is currently 39% NBS, presenting a value-add opportunity for investors or owner-occupiers willing to undertake seismic strengthening. The building sits 6% above the level required for compulsory strengthening.
The ground floor is anchored by Bayley’s, while the first floor is divided into three tenancies, including RR Fisher, with a 236m² and 69m² vacancy offering immediate upside.
With short lease terms in place, the property provides flexibility for repositioning or refurbishment. Key features include a large on-site car park, central location and multi-tenant layout, making it ideal for those seeking a strategic investment with future growth potential.
The property is offered For Sale by Deadline closing Tuesday 14 April 2026 at 3pm (unless sold prior).
For more information on this opportunity, contact the Colliers team today.
(Note: All measurements and specifications are approximate. Boundary lines indicative only).
Features:
* Estimated net income $151,306 per annum (plus GST)
* Land area 890sqm
* Lettable area 883sqm
* Freehold title
* Outer Business zoning
* Seismic status 39% NBS (DSA report prepared by Omega Engineering Consultants Ltd, dated October 2020)
