A modern, purpose-built two-storey commercial building constructed in 2008/09, this quality investment occupies a prime position in the heart of Palmerston North’s CBD, enjoying sought-after frontage to The Square.
The property is fully tenanted and generates a strong net rental return of $281,009 per annum plus GST, providing immediate income security. The ground floor comprises a well-balanced mix of retail and office accommodation, while the first floor is configured for office use, offering functional and versatile space across both levels. To the rear, an asphalt sealed car park provides seven onsite parks, including four secured spaces, a valuable feature in this tightly held central location.
Palmerston North continues to strengthen as the economic and cultural hub of the Manawatū-Whanganui region. Its strategic central North Island position underpins its role as a key logistics and distribution centre, supporting consistent commercial demand and long-term growth fundamentals.
Combining modern construction, premium CBD positioning and diversified income, this property represents a compelling investment opportunity within one of the lower North Island’s most established regional centres.
Contact Danny Blair or Doug Russell for further information.
(Note. Floor and land areas are indicative only).
Features:
* Modern two storey building
* Fully leased
* On-site carparking
* Well located in Palmerston North CBD location
* $281,009.00 net pa + GST
