81861 State Highway 2, Pahiatua, Tararua

With interest rates coming down, now is the perfect time to secure this exceptional investment property. These 1960s double-story duplex-style units offer outstanding potential for both rental income and future development. Each unit features a good-sized kitchen/dining and comfortable lounge, three large bedrooms, two toilets and a separate bathroom and laundry with good storage. They each also come with a spacious fully fenced section with double garage. Nestled in a quiet cul-de-sac, both units are currently tenanted by long-term tenants with a weekly combined income of $820/ week, making this a solid income-generating asset with a gross return at just under 8%. There are options here - rent out both units for dual income, live in one and rent the other or open up the dividing wall and create a spacious six-bedroom family home! To increase the versatility of this property, subdivision consent has been granted to separate the units if desired. Don't miss out: this is a rare opportunity with flexibility, charm, and strong returns. We look forward to welcoming you at the open homes or call us to make an appointment to view!

Buyers $535,000+

Welcome to 1 Edward Street Pahiatua, an immaculately presented two-bedroom home with a fully self-contained flat, generous shedding, all just a short stroll from Pahiatua’s Main Street and an easy commute to Palmerston North. Step inside to discover a warm, inviting home featuring two spacious double bedrooms, a modern bathroom with shower-over-bath, and a stylish kitchen that flows effortlessly into the dining space. French doors open to a covered rear porch, perfect for entertaining or relaxing year-round. The home is heated by two heat pumps and a gas heater. A standout feature is the self-contained flat tucked behind the garage – cleverly designed with open-plan living, its own toilet and shower, making it ideal for extended family, guests, or potential rental income. Outside, the charm continues with beautiful gardens, a lush lawn, and an array of sheds and storage options, including the oversized garage and XL double carport. This is more than just a home – it’s a lifestyle opportunity with space, flexibility, and smart living. There’s a lot to love at 1 Edward Street. Come and see it for yourself – properties like this don’t last long!

Buyers $565,000+

The team at Property Brokers is excited to bring to the market a unique opportunity that is an icon of the Pahiatua District. 81861 State Highway 2, Pahiatua was once the former address of Pahiatua's only Hospital. Originally built in 1902, the hospital expanded in 1940 with additional wards being added on with the last addition of Ward 1 in 1960 giving a combined footprint of 2330m2 (approx). In June of 1998, the hospital closed and went into private ownership where it became known as Masters Hall. Now days, this one-of-a-kind property is used for accommodation with 44 bedrooms, conferences, weddings and even a Christmas wonderland providing a very comfortable living for the vendors. Scale is the major draw card here when it comes to land area with three titles making up this impressive property. All zoned residential, there is a small title off State Highway 2 at 2222m2 (approx), the main site of 1.86ha (approx) with access off both State Highway 2 and Regent Street and a bare land block at 6263m2 (approx) with access off Tyndall Street. The inner workings of the Hospital have been well maintained, the rooms and living areas are nicely presented with a capability to comfortably accommodate up to 100 people and has a NBS rating of 70%*. Heating is by way of a gas fired radiator system that keeps the entire building warm in the colder months but can be isolated to ensure vacant rooms are not heated unnecessarily. There is also an extensive list of chattels that accompany the building. The beauty of this property is to be your own boss and work from home. There is a very comfortable family home with multiple bathrooms and bedrooms, a separate, self contained one bedroom flat, garaging and land for grazing. The many options this property provides will enable you to live your dream lifestyle. Continue to run the business or expand it to create your dream. It is ideal for retreats, holistic living, multi-generational family's and developers. Catch the vision and use your imagination. Residential land of this size and proximity to the bustling town of Pahiatua is unheard of. There is nothing like this on the market and the potential to develop further must be a strong consideration. You need to take the time to consider what is on offer here and explore the opportunity! *NBS rating excludes water tower *Purchase price is plus GST if any

By Negotiation + GST (if any)