273 Broadway Avenue, Palmerston North

For Sale $217,000 plus GST (if any). Join a vibrant and proactive community and secure your place in the heart of Hunterville. This versatile commercial property offers approximately 284 m² of total floor area, anchored by a generous shop floor that spans the full width of the building’s frontage, providing excellent presence and versatility. Originally run as a gift and bookshop, the property is currently used for storage, however it could easily transition back into a retail offering or be adapted to suit a wide range of commercial, service or mixed-use activities, subject to requirements. Earthquake strengthening has been completed by a previous owner, providing a solid structural foundation. The building now simply requires a personal touch to ready it for its next chapter and a new venture. The property sits on a substantial 2,163 m² (approx) site, delivering extensive rear land ideal for off-street parking, service access, or future development potential. An outstanding opportunity for owner-occupiers, investors or businesses seeking to establish themselves in a tightly held rural township with strong community support.

$217,000 + GST (if any)

A charming early-1900s building which has been subject to an extensive restoration programme, blending heritage character with modern performance and compliance. Strengthened to 68% NBS, the property offers confidence for investors seeking resilience alongside long-term appeal plus the all-important opportunity to purchase a tenanted investment property. The building is leased to a well-established catering and takeaway tenant, providing a reliable income stream from a practical, efficiently configured premise suited to its use. Current net lease is $31,500. The ground floor contains a retail sales area, the efficient commercial kitchen, dedicated storage plus amenities and outside is an in-ground grease trap. The first floor comprises additional storage and office with commanding views. Section area is 129 m2 (approx), building area 171 m2 (approx), construction is brick and timber, was strengthened in 2012. With its compact footprint, proven tenant and carefully restored character, this property represents an attractive, entry-level commercial investment, or a complementary addition to an existing portfolio. For sale $460,000 plus GST (if any).

$460,000 + GST (if any)

A sound and secure CBD investment opportunity for the entry level or astute investor. Located in the vibrant and popular Manchester Square, this long term well established and reliable tenant has been operating very successfully on this site for over 30 years. With a new six year lease paying all the outgoings with an annual rent of $35,000 plus GST provides the new owner a nett return of 7%. This opportunity should not be passed up. For the same price as some residential houses you can enter the commercial market. Blue chip investment, excellent tenant, excellent lease, excellent location, excellent building. Call now.

$500,000 + GST (if any)