Unit 1, 123 Queen Street, Palmerston North CBD, Palmerston North

Entry level commercial investment on Queen Street

This property has retained a reliable professional tenant for many years and is part of the well managed Northcote Body Corporate. With a motivated vendor and proven leasing history, the property presents a compelling proposition for investors seeking security, location, and long-term value.

Whether you're an existing commercial investor or perhaps transitioning from residential investment, this could be an addition to any portfolio. Queen Street is a prominent commercial address within Palmerston North, offering excellent visibility, strong pedestrian activity, and proximity to key amenities including government offices, professional services, and retail. The central location supports tenant retention and enhances the property's long-term investment appeal.

- Tenanted investment opportunity
- Fantastic inner-city location on the ring road
- Approximately 260sqm (more or less) over two levels
- Must be sold!
- 68% NBS (report dated 10 October 2013 by KOA)

The vendor is motivated to sell so put your offer in.

For sale by Deadline Sale closing 2pm, Thursday 25th September 2025 (unless sold prior).