234 Rangitikei Street, Palmerston North CBD, Palmerston North

Exceptional retail investment

Deadline private treaty closing 2pm, Thu 11 Dec 2025 (will not be sold prior)

• Fully leased to national retailers
• Prime Rangitikei Street location among major national brands
• Modern, well-presented buildings with 100% NBS rating
• Structured rental growth and excellent on-site parking

Positioned prominently along Palmerston North's busiest retail corridor, Rangitikei Street, this modern large-format retail complex presents a rare opportunity for investors seeking a high-quality, low-maintenance asset.

The property comprises two contemporary, well-presented buildings offering excellent functionality and visual appeal. The northern tenancy is fully occupied by Harvey Norman, while the southern complex is divided into three substantial retail spaces tenanted by Bed Bath & Beyond (including a part sublease to Postie Plus) and Uncle Bills.

Benefiting from structured rental growth, generous customer parking, and a 100% NBS rating, this asset is surrounded by a strong mix of established national retailers including Countdown, Mitre 10 Mega, Noel Leeming, and Crackerjack.

High-profile positioning, strong tenant covenant, and quality construction combine to make this one of Palmerston North's premier retail investment opportunities.