60 Rangitikei Street offers a straightforward, low-stress retail investment positioned on one of Palmerston North’s most prominent commercial routes.
This compact 69sqm (more or less) tenanted shop sits in a high-visibility location that consistently attracts passing traffic and maintains strong exposure throughout the day. The property is currently occupied by Glamour Beauty, an established operator with a solid presence in the local market. The tenant has just under six (6) years remaining on their current lease term, supported by a further five (5) year right of renewal. This structure provides long-term income security and reduces vacancy risk, making it well-suited to investors seeking stability.
With a gross annual income of $31,200pa (including GST), the property delivers an accessible entry point into the commercial investment sector. Its location and tenant profile combine to create a hands-off, easy-to-manage asset that appeals to both first-time investors and those looking to add a reliable performer to their portfolio.
For sale by Deadline Private Treaty closing 1pm, Wed 15 Apr 2026 (will not be sold prior).
