66 Linton Street presents a rare chance to secure a substantial central landholding with strong holding income in play.
The property is leased to the well established Palmerston North Motel, providing a stable annual income of circa $125,000.00 + GST. With seven (7) years remaining on the lease and scheduled rent reviews in place, investors benefit from reliable cash flow while retaining the flexibility to plan the next evolution of the site. The motel’s long-term presence underscores the strength of the location and the enduring demand for accommodation close to the city centre.
Positioned just moments from the Palmerston North CBD, this property sits in a highly strategic location where large residential zoned sites are increasingly scarce. Its proximity to The Square, major arterial routes, hospitality, retail, and key city amenities enhances both its current commercial use and its future redevelopment appeal (subject to council consent).
Set on 3,514sqm (more or less) of residential zoned land and improved by a 1,027sqm (more or less) building, the scale of the site opens the door to a wide range of future possibilities. Whether held as a long-term landbank, repositioned over time, or redeveloped to unlock its full potential, the fundamentals here are compelling. Few central properties offer this combination of income security, zoning flexibility, and location advantage.
66 Linton Street stands out as an opportunity for land bankers, passive investors or developers seeking a centrally located asset with both immediate returns and meaningful upside.
For sale by deadline private treaty closing 2pm, Wed 15 Apr 2026 (will not be sold prior).
