161 Palmerston Street, Westport, Buller
From $499,000 Incl GST
807m2
220m2
+30
+29
A Whole Lot of History
It is hard to find a better example of a heritage building in New Zealand. The Buller County Council chambers, on the main street of Westport, was built in1940 in 'Moderne' style with curved walls and windows. There are 6 Offices, a large foyer and a large meeting room. There are 2 toilets and a walk-in lockable safe. There are 2 carparks at the front and 2 at the rear as well as on-street parking. Most of the offices have in-built cupboards. It features stunning joinery, brass door handles and large leadlight windows. This building is high off the ground, has a long wheelchair ramp at the rear and a front porch facing the street. The heating is via a thermostatically controlled diesel burner which heats elements in each room. The interior and exterior have been recently painted. For the last 10 years this has been used as a Medical Practice and there are sinks in the offices. The floor is made of one inch thick tongue-and-groove heart Rimu, which is carpeted in all rooms bar one. If you love heritage buildings this one could be for you.
161 Palmerston Street, Westport, Buller
Web ID
WEC204022
Floor area
220m2
Land area
807m2
District rates
$14,224.40 pa
Regional rates
$456.34 pa (2024)pa
LV
$230,000
RV
$305,000
From $499,000 Incl GST
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Looking for a lucrative investment opportunity in the bustling town of Westport? Look no further. We have an exciting offer for you - two connected dwellings on one title, with tenants already in place. This 330m2 building sits on a spacious 400m2 section and is split into two commercial spaces. The first is home to the popular Smileys Takeaways, while the second is leased by Literacy Aotearoa as an office building. Each space has its own storeroom and toilet facilities, providing a convenient and practical setup for both tenants and customers alike. Located on the busy main street of Westport, these commercial spaces are well placed among the town's retail hub. With a great location and established tenants, this is an excellent opportunity to generate passive income and watch your investment grow. Don't miss out on this exciting opportunity - contact us today to learn more about this investment gem in Westport.
By Negotiation
3
Good income and tenants. Income $39,520 + outgoings and GST. Freehold section 407m2 with building 377m2. The building does require seismic strengthening by 2034. Well located. 13.86% return that will finance the upgrade when required.
$285,000 + GST (if any)
Savvy investors, here's an exceptional opportunity that ticks all the boxes! The Numbers That Matter: Strong 10% return Fresh 2+3+3 year lease in place Tenants cover rates and insurance – minimal landlord outgoings Fixed price – ready to transact The Property: 122 Palmerston Street, Westport, this well-positioned commercial premises with a versatile, functional layout that appeals to a broad range of retail tenants. The current configuration works beautifully, yet offers flexibility for future lease renewals. The Tenant: Excellent with an established chain of mobile phone retail stores known for quality service and accessories. They're growing their footprint and committed long-term – exactly the kind of tenant that provides peace of mind. The Opportunity: This is textbook commercial investment: strong returns, quality tenant, new lease security, and minimal landlord responsibilities. Perfect for first-time commercial investors or those looking to add a solid performer to their portfolio. Properties like this don't last long. Express your interest today to avoid disappointment.
$195,000 + GST (if any)
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