181-187 Palmerston Street, Westport, Buller
By Negotiation
2,051m2
1,670m2
+2
Investment Opportunity
This substantial commercial property offers a compelling opportunity for both investors and owner-occupiers seeking scale, flexibility, and strong income potential. Positioned in one of Westport’s busiest commercial precincts, the property enjoys a high-profile location directly opposite New World supermarket, delivering excellent exposure and consistent foot and vehicle traffic. The building comprises a versatile mix of office, warehouse, and storage spaces, catering to a wide range of commercial and industrial uses. Currently configured with five tenants in place, the property provides immediate diversified rental income. Adding further appeal are two key vacancy opportunities, including a large office/warehouse/storage space of approximately 390m2, ideal for logistics, light industrial, or distribution operations, alongside a separate 60m2 office space suited to a small business or satellite office. Set on a generous 2,051m2 landholding with a total floor area of 1,670m2, the property also benefits from ample on-site parking and a functional layout that supports flexible occupancy options. With a 67% NBS rating, council rates of $27,420 per annum, and current insurance of $35,625 per annum, this is a well-positioned asset offering both immediate income and future upside. Whether you’re looking to expand your investment portfolio or secure a premises for your own business, this is an opportunity not to be missed.
181-187 Palmerston Street, Westport, Buller
Web ID
WEC227047
Floor area
1,670m2
Land area
2,051m2
District rates
$27,420.00 pa
By Negotiation
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Looking for a lucrative investment opportunity in the bustling town of Westport? Look no further. We have an exciting offer for you - two connected dwellings on one title, with tenants already in place. This 330m2 building sits on a spacious 400m2 section and is split into two commercial spaces. The first is home to the popular Smileys Takeaways, while the second is leased by Literacy Aotearoa as an office building. Each space has its own storeroom and toilet facilities, providing a convenient and practical setup for both tenants and customers alike. Located on the busy main street of Westport, these commercial spaces are well placed among the town's retail hub. With a great location and established tenants, this is an excellent opportunity to generate passive income and watch your investment grow. Don't miss out on this exciting opportunity - contact us today to learn more about this investment gem in Westport.
By Negotiation
3
Take advantage of this great opportunity. This property has a good income and tenants. Income $39,520 + outgoings and GST. Freehold section 407m2 with building 377m2. The front part of the roof has been replaced in late 2025 and the main part approx. 12 years ago. Well located with a 13.86% return that will finance any future upgrades when required.
$285,000 + GST (if any)
This exceptional commercial property presents a compelling investment opportunity on a prime 1,656m² freehold site in commercial zoning. The portfolio comprises four well-maintained buildings totaling 770m² of lettable space, anchored by quality tenants including New Zealand Post, ensuring reliable income streams. The standout feature is a brand-new 250m² warehouse building with high roller door access, offering excellent flexibility for subdivision into multiple tenancy bays. This modern facility, combined with the property's excellent presentation and strategic location, creates significant appeal for both investors and owner-occupiers. The investment strategy is particularly attractive, with strong prospective tenant interest already identified for the new warehouse. This allows investors the flexibility to either maximise rental returns across all buildings or occupy the new facility whilst allowing existing tenant income to service mortgage obligations—a sound business proposition that enhances both cash flow and operational efficiency. Fully tenanted provides a robust 10% return. The diverse tenant mix and quality infrastructure provide excellent foundations for long-term income stability. A comprehensive information pack is available upon request for serious enquiries.
$900,000 + GST (if any)
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