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Gisborne

426 Palmerston Road, Gisborne, Gisborne

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932sqm Land area SQM
517sqm Floor area
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Engineered investment


Positioned on a prominent fringe-commercial site, 426 Palmerston Road sits on a 932 sqm freehold section with approximately 517 sqm of floor space, including a mezzanine. The building combines office and workshop areas with a layout designed for both visibility and functionality. A modern street frontage offers excellent branding, while the rear high-stud workshop, roller doors, and sealed drive-through yard add versatility.
The property is tenanted by LDE Engineers & Scientists, a nationally recognised firm providing geotechnical, structural, civil, and coastal engineering, as well as environmental and resource consent expertise. Their presence makes this more than just bricks and mortar—it's a cornerstone asset with a tenant literally building the region.
For investors, this property delivers an entry level asset with a secure income stream, adaptable design for office and heavy-duty use, a high-profile location, valuation growth, and a strong tenant covenant—an investment that is versatile and future-proof.

Boundary lines are indicative only.


Tenders close: 4pm, Wed 29 Oct 2025 (unless sold prior)
10 Reads Quay, Gisborne

Tender
(unless sold prior)

10 Reads Quay, Gisborne

29
Oct

Time4pm
Calander
Calendar
Mike Florance

Mike Florance

Commercial and Industrial Sales and Leasing

Bousfield Macpherson Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Multi-use


Flexible layout for both office and operational use, ensuring long-term relevance.

Seismic (NBS rating)


Seismically strengthened to an A Category rating.

Passing income


Returning $70,000 +gst and opex pa.

Location


Positioned on a prominent fringe-commercial site.

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