My vendors have made a sharp price adjustment, so now is the time to act! Purchase as a home and income opportunity, where the commercial lease provides an income stream, or - Purchase as an investment property, receiving income from the commercial lease and renting out the dwelling – which would suit a range of tenants such as farm staff, downsizers, young couples, or families. The choice is yours! Approximately 75% of the 2,233m2 flat section comprises of an approximately 166m2 commercial building in good condition with a large retail area, office space, kitchen and toilet facilities. It has its own vehicle access off State Highway 1, a large storage yard, an existing lease in place with one more right of renewal, and is well located across from Mes Amis Cafe and Ikon Machinery in Orari, with good traffic flow. The balance of the area comprises of an approximately 80m2 three double bedroom, one bathroom 1970's ex-Twizel house, relocated in the 1990's. The tidy home has a functional kitchen/dining area that opens out to the lounge with log burner, heat pump and heat transfer system. All bedrooms have built in wardrobes, there is a modernised bathroom with an adjoining separate toilet, and a separate laundry area with external access. The house is set back and screened visually from the roadside commercial frontage by a large hedge that also buffers road noise, helping to create a private hideaway. It has its own vehicle entrance and access to an approximately 72m2 double garage (shared with leasee) with workshop and attached storage area. The dwelling is now vacant and available for immediate possession. The property has 2 Units of Orari Water held in a 2,000 litre tank and is on its own septic tank. Opportunities like this are extremely rare, so call Anna to arrange your private viewing!

$499,000 + GST (if any)

The Grand Hotel Building (Former) is a heritage-listed property offering a well-located and flexible commercial asset in the heart of Palmerston North's CBD. The building provides a variety of tenancy sizes and showcases strong character appeal throughout. With its significant heritage charm, the property presents excellent redevelopment potential - whether for a boutique hotel, apartments, or a mixed-use concept. It is, however, currently classified as an earthquake-prone building, offering both a challenge and a substantial opportunity for purchasers prepared to undertake strengthening and revitalisation. Calling developers: This prominent central-city site offers outstanding potential for future redevelopment, leveraging its prime location, high visibility, and underlying land value. An adjoining carpark block is also available for purchase, further expanding the scope for a comprehensive development project. Given its strategic CBD position and architectural character, the property represents a compelling opportunity for investors and developers seeking to reposition or rejuvenate a landmark site within Palmerston North's city centre. • Heritage building • Floor Area 2960m2 (approx) • Land area 1015m2 (approx) • Option to purchase carparks next door • RV $2,710,000

By Negotiation

Property Brokers presents 49 Church Street, Timaru - a rare 'as is where is' investment opportunity in the heart of Timaru's CBD set amongst a host of successful commercial businesses. Located within walking distance to Stafford Street, this property offers multiple options with the ability to renovate the current building and bring it back to life, or demolish and build new. Concept plans are available to help you envisage the possibilities of a new build. Features: - Land area of 293m2 - Build area approx. 193.15m2 - Zoned Commercial 1B - Central Timaru Location - High traffic area - Add-value opportunity - 2 on-site storage sheds at the rear of the building - 1 currently rented This is a rare opportunity that astute owner occupiers, developers or investors should seriously consider. To be sold by Deadline Sale, closing 4pm, Thursday 29th of August, 2024 Get in touch today for more information.

$339,000 + GST (if any)