297 Palmerston Road, Gisborne

Nestled in the heart of Gisborne, this stellar investment property awaits your savvy investment move. Boasting a perfect blend of commercial and residential units, this gem offers not just one, not two, but three fully leased commercial spaces alongside five contemporary apartments. Crafted in 2010 with top-notch tilt slab construction, this property stands the test of time with its durable, low-maintenance design. Complete with ample onsite parking and a fully concreted yard, convenience is at the forefront of its charm. Looking for an investment that's easy on the upkeep and promises long-term gains? Look no further. The retiring owners, who have nurtured this property since its inception, are passing the torch to a new owner ready to reap the rewards for years to come. If you're ready to step into a hassle-free, income-generating investment opportunity, seize the moment! Call further details. Don't miss out on this golden chance to secure your financial future!

$2,500,000 + GST (if any)

Due to the owner's retirement, this property located in the busy Makaraka industrial area is for sale by auction. The property located on a 1980 square metre land parcel leased from the East Coast Museum of Technology on a thirty three year term with the whole property subleased to Fire and Emergency New Zealand. The building comprises approximately 500 sq metres on the ground floor with 240 sq metres of mezzanine. The Makaraka industrial area is located only a short distance from the City boundary and includes transport and distribution, farm supplies, fuel, storage facilities. The building is in generally good condition and should be easy to lease should the existing tenant ever relocate. With a substantial shortage of warehouse/workshop space in the district, this property is something an astute investor should consider.

Auction