The Grand Hotel Building (Former) is a heritage-listed property offering a well-located and flexible commercial asset in the heart of Palmerston North's CBD. The building provides a variety of tenancy sizes and showcases strong character appeal throughout. With its significant heritage charm, the property presents excellent redevelopment potential - whether for a boutique hotel, apartments, or a mixed-use concept. It is, however, currently classified as an earthquake-prone building, offering both a challenge and a substantial opportunity for purchasers prepared to undertake strengthening and revitalisation. Calling developers: This prominent central-city site offers outstanding potential for future redevelopment, leveraging its prime location, high visibility, and underlying land value. An adjoining carpark block is also available for purchase, further expanding the scope for a comprehensive development project. Given its strategic CBD position and architectural character, the property represents a compelling opportunity for investors and developers seeking to reposition or rejuvenate a landmark site within Palmerston North's city centre.
• Heritage building
• Floor Area 2960m2 (approx)
• Land area 1015m2 (approx)
• Option to purchase carparks next door
• RV $2,710,000
