Mixed-use investment with split-risk income
306 Gladstone Road presents an opportunity to secure a diversified mixed-use investment in Gisborne's CBD. Occupying a prominent corner position on Gladstone Road and Cobden Street, the freehold property comprises an approximately 800 sqm two-level building on an 817 sqm site, with substantial customer and tenant parking.
The property provides a compelling split-risk income profile, with Jetts 24 Hour Fitness occupying the ground-floor commercial premises and three separately leased residential units on the first floor. The upper-level accommodation includes one one-bedroom, one two-bedroom and one three-bedroom unit, creating a balanced blend of commercial and residential income. Earthquake strengthened to 70% of New Building Standard, the property offers added confidence for investors. Its central Gladstone Road position is surrounded by prominent national occupiers, including Pak'nSave, Woolworths, KFC, Burger King and Carl's Jr, supporting strong customer draw, accessibility, profile and long-term tenant appeal. Combining a national-brand commercial tenant, three residential income streams, on-site parking and a high-profile CBD location, 306 Gladstone Road offers a versatile investment proposition for purchasers seeking diversified income and long-term flexibility.
Tender (unless sold prior)
4pm, Thursday, 1 October 2026
Bayleys, 10 Reads Quay, Gisborne
The property provides a compelling split-risk income profile, with Jetts 24 Hour Fitness occupying the ground-floor commercial premises and three separately leased residential units on the first floor. The upper-level accommodation includes one one-bedroom, one two-bedroom and one three-bedroom unit, creating a balanced blend of commercial and residential income. Earthquake strengthened to 70% of New Building Standard, the property offers added confidence for investors. Its central Gladstone Road position is surrounded by prominent national occupiers, including Pak'nSave, Woolworths, KFC, Burger King and Carl's Jr, supporting strong customer draw, accessibility, profile and long-term tenant appeal. Combining a national-brand commercial tenant, three residential income streams, on-site parking and a high-profile CBD location, 306 Gladstone Road offers a versatile investment proposition for purchasers seeking diversified income and long-term flexibility.
Tender (unless sold prior)
4pm, Thursday, 1 October 2026
Bayleys, 10 Reads Quay, Gisborne
Key features
Land area breakdown
817 sqm (more or less)
Floor area details
Approximately 800sqm
Zoning
Fringe Commercial
Parking
12 off street car parks
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