171 Albert Street, Hokowhitu, Palmerston North

Hokowhitu Medical Centre investment or development

Auction - 1pm, Monday 12 February 2018 (unless sold prior) Bayleys, 176 Broadway Avenue, Palmerston North

Investing in this popular central Hokowhitu location will always pay dividends. Investing in the potential of this large 1619sqm (more or less) property currently a ten room medical centre with 14 on-site parks and nine offsite parks. The mouth-watering options to develop the site are endless. Possibly a low-rise apartment complex to townhouses, terraced houses or two new executive family homes on 800sqm (more or less) sections. As a medical business why not buy and invest in your own property versus renting? Complimenting tenants renting some or all of the ten professional rooms? Or you can live on site in the back five bedroom and run your own medically associated consulting business from the five professionals rooms on the road frontage. While you plan your options a rental return of approximately $70,000 to $75,000 per annum is a good holding income.


Land Area 1,619sqm (more or less)
House Area 414sqm (more or less)