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108 Palmerston Street, Riverton, Southland

Priced By Negotiation + GST If Any

2

330m²

1,012m²

Riverton Landmark: Established Income & Growth!

If you love character buildings that leave behind a story, this is one you'll want to take a closer look at.

Dating back to approximately 1891, Mrs Clark's Building has been part of Riverton's history for well over a century. Designed by architects McKenzie and Gilbertson, the building was originally associated with baker Duncan Weldon Clark and his wife, Margaret Young, who became known as Mrs Clark.

Following her husband's passing, Margaret took over the premises, continuing the business as a bakery and grocery store until 1914. Over the years, the building passed through several owners, many of whom continued its baking heritage.

Then came another chapter in its story.

More than a century after its early beginnings, the building became home to the much-loved Mrs Clark's Cafe, helping put Riverton on the map as a destination for locals and visitors alike. The cafe went on to earn recognition as New Zealand's Best Cafe in 2012 and 2013.

Today, this historic property continues to generate income, leased to three tenants: the well-known Christmas shop, a screen-printing business, and a residential tenant occupying the two-bedroom apartment upstairs.

But there's more here than history and established income.

With approximately 330 square metres of floor space, an additional room at the rear of the building, generous parking and land that may offer potential for additional holiday accommodation cabins, the possibilities are certainly worth exploring, subject to the necessary consents (if any).

Perhaps you're an investor looking for an established income stream. Perhaps you have a vision to create a unique home-and-income opportunity. Or maybe you can imagine bringing the building's hospitality back to life in a new and exciting way.

• Approx. 330sqm floor area

• 1,012sqm land area

• Approx. $700 per week in rental income

• Three tenancies across commercial and residential spaces

Commercial Tenancy One - Christmas Shop

• Spacious retail floor

• Heat pump heating

• Three storage rooms

Commercial Tenancy Two - Screen Printing Business

• Large shop floor

• Two toilets

• Separate laundry

• Outdoor entertaining space

• Heat pump

Upstairs - Two-Bedroom Apartment

• Two bedrooms

• Combined kitchen and dining area

• Combined bathroom and laundry

• Shower over bath

• Separate storage room

• Heat pump heating

Info pack available.

This is more than a building. It's a piece of Riverton's story, with the potential to create its next chapter.

Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents. Land and floor area measurements are approximate, and boundary lines indicative only. All efforts have been made to source accurate information from reputable sources (i.e. Regional/City councils, Property-Guru, Core Logic etc). We cannot, however, verify its accuracy and suggest this should not replace independent clarification through standard due diligence.

Additional details

Type

Home & Income

Property ID

INV35059

Listed on

27/10/2026

Updated

3 hours ago

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Listed for sale on OneRoof for 2 days (last updated on 27 October) and was last sold in 2018 for $50,000. Its latest rating valuation by Southland council is $265,000 as of 2024. There are 5 2-bedroom properties for sale nearby. There are 55 properties for sale in Riverton.

Property data

On OneRoof

1 days

Property Type

Home & Income

Floor Area

230m²

Land Area

1,012m²

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Riverton/Aparima, Southland

Riverton is a suburb which lies within the Territorial Authority of Southland, one of 43 residential suburbs which form the wider region. Riverton is the 3rd largest suburb of Southland in terms of the total number of residential housing stock. Riverton provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1900 - 1909. The majority of the residential housing stock in the locality was constructed between 1950 - 1959. Residential housing stock in Riverton is made up of approximately 92% residential housing , 1% residential investment housing and 7% lifestyle properties.

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