Unique development opportunity - 2028m2
A unique development opportunity now offered for sale - two adjoining properties on two separate titles in Chaytor Street, Palmerston North. The combined land area of both properties is approximately 2028m2. Land in an inner city location is scarce. This land in Chaytor Street could be a great site for development, it's close to the Hotel Coachman on Fitzherbert Avenue, and within easy walking distance to The Plaza, cafes, restaurants, CBD and its handy to Massey University and The Esplanade. Currently there are dwellings on both sites, which are partially tenanted. However, it is likely that considerable work would be required to bring the flats up to a modern standard. We believe the real value is in the land and its fantastic inner city location. The combined rateable value of both properties is $805,000.