Profile, parking and diversified income
394 Palmerston Road presents a split-risk commercial investment opportunity in an established fringe commercial location. Comprising seven separate tenancies, the property offers diversified income potential while retaining flexibility for an owner-occupier to occupy part of the premises and collect income from the balance.
Positioned on busy Palmerston Road, the property enjoys strong exposure to passing traffic, convenient access for customers, staff and suppliers, and good off-street parking. These attributes support a range of retail, trade, service, office and customer-facing commercial users.
The property is located within a recognised commercial precinct, providing a practical and accessible setting for established commercial activity. Combining multiple income streams, profile, parking and future owner-occupier potential, this is a versatile Gisborne commercial holding suited to a broad range of investors and business owners.
Auction (unless sold prior)
1pm, Friday 25 September 2026
Bayleys, 10 Reads Quay, Gisborne
Positioned on busy Palmerston Road, the property enjoys strong exposure to passing traffic, convenient access for customers, staff and suppliers, and good off-street parking. These attributes support a range of retail, trade, service, office and customer-facing commercial users.
The property is located within a recognised commercial precinct, providing a practical and accessible setting for established commercial activity. Combining multiple income streams, profile, parking and future owner-occupier potential, this is a versatile Gisborne commercial holding suited to a broad range of investors and business owners.
Auction (unless sold prior)
1pm, Friday 25 September 2026
Bayleys, 10 Reads Quay, Gisborne
Key features
Land area breakdown
1,012sqm (more or less)
Floor area details
Approximately 540sqm
Zoning
Outer commercial
Multi-use
The property benefits from three retail style tenancies coupled with four workshop/storage style tenancies
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