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Roslyn

2 Bedrooms1 BathroomID BU226092

Entry-level commercial investment

Take your first step into commercial property with this high-profile corner site offering immediate rental income, reduced outgoings and long-term flexibility. Positioned on one of Palmerston North's busiest arterial routes, 889 Main Street enjoys exceptional exposure, excellent customer parking and a constant flow of passing traffic. Situated on State Highway 3, it captures vehicles travelling between the city, Roslyn, Kelvin Grove, Ashhurst and Hawke's Bay, making it an outstanding location for business. The well-presented 1960s building is home to two established businesses. Double 8 Nine Fish and Chips has successfully traded from the front tenancy since 2017, while Neptune Coffee occupies the rear premises, having established themselves in 2024. Both businesses are keen to remain, providing immediate holding income for a new owner. An added bonus is that the tenants contribute approximately 90% of the property's outgoings, helping maximise your net return and making this an attractive entry into commercial investing. Residentially zoned while benefiting from established commercial use, the property also offers future flexibility should your plans evolve over time (subject to any required approvals). Whether you're looking to diversify your portfolio or secure an affordable commercial investment in a prime location, opportunities like this are increasingly hard to find. Invest today, enjoy the income, and own a property that offers options for the future. Disclaimer: For online search purposes, this property is advertised as having two bedrooms. The building was purpose-built as commercial premises, has not been converted to or from residential use, and contains no bedrooms nor a bathroom, it does have toilets.
Features
Area | 170.00m2Land | 265 m2Rates | $5,937.68paRegional rates | $634.74paLV | $200,000RV | $620,000
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Paul Lynch

M  027 499 3707  P  06 351 2844

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