56–60 Queen Street, Palmerston North, is a well-presented commercial investment in a prime CBD location, just off The Square and surrounded by a mix of professional offices, retail, and hospitality operators.
The property comprises a two-tenant building with a total floor area of 429m2 on a 590m2 freehold site and is rated at 67% of the New Building Standard (NBS). The building offers a modern, functional layout, with well-maintained office and clinic spaces, strong street presence, excellent signage opportunities, and easy pedestrian access.
Both tenancies - Caci Clinic and Studio X - are established national brands, providing a stable income stream with a combined net income of approximately $80,000 per annum.
This represents a quality, low-maintenance investment in a high-profile central Palmerston North location.
