56-60 Queen Street, Palmerston North
Tender 30 April 2026
590m2
429m2
+19
+18
Sale by Tender 56-60 Queen Street
Sale by Tender (unless sold prior) - 56-60 Queen Street, Palmerston North, presents a high-quality commercial investment in a prime CBD location, positioned just moments from The Square and surrounded by established professional offices, retail businesses, and hospitality operators. This well-presented property comprises a two-tenant building with a total floor area of approximately 429m2, situated on a 590m2 (more or less) freehold site, and has an earthquake rating of 67% NBS. The building features a modern, functional layout with a high-profile street presence, offering excellent signage opportunities and convenient pedestrian access. Both tenancies are exceptionally well maintained, reflecting the high standards of the current occupants. The Caci Clinic premises are immaculate, creating a premium, welcoming environment for clients and demonstrating the property's overall standard and quality. The property is fully leased to Caci Clinic and Studio X, two well-established national brands, delivering a combined net rental income of approximately $80,000 per annum and providing a reliable and diversified income stream. This is a tidy, low-maintenance investment opportunity, offering investors secure tenancies and long-term appeal in the CBD.
56-60 Queen Street, Palmerston North
Web ID
BC217281
Floor area
429m2
Land area
590m2
District rates
$9,738.24pa
Regional rates
$714.22pa
LV
$455,000
RV
$740,000
Tender (unless sold prior)
Thursday, 30 April 2026, 4.00pm
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