56-60 Queen Street, Palmerston North
By Negotiation
590m2
429m2
+20
For sale by negotiation
56–60 Queen Street, Palmerston North, is a well-presented commercial investment in a prime CBD location, just off The Square and surrounded by a mix of professional offices, retail, and hospitality operators. The property comprises a two-tenant building with a total floor area of 429m2 on a 590m2 freehold site and is rated at 67% of the New Building Standard (NBS). The building offers a modern, functional layout, with well-maintained office and clinic spaces, strong street presence, excellent signage opportunities, and easy pedestrian access. Both tenancies - Caci Clinic and Studio X - are established national brands, providing a stable income stream with a combined net income of approximately $80,000 per annum. This represents a quality, low-maintenance investment in a high-profile central Palmerston North location.
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
By Negotiation
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