9 Matthews Avenue, Takaro, Palmerston North

Large functional industrial space

For sale by Tender closing 3pm, Fri 12 Dec 2025 (will not be sold prior) Bayleys, 243 Broadway Avenue, Palmerston North

• High-stud drive-through with low-stud warehousing and offices
• Extensive hardstand parking and secure yard areas
• Partially tenanted, generating $225,000 + GST p.a. through to 30 June 2028
• Strong seismic profile with an NBS rating of 75%
• Superb location with direct access to rail infrastructure and key arterial routes

Opportunities of this scale and versatility are seldom available in Palmerston North's tightly held industrial market. Positioned directly adjoining the railway station, this large freehold site offers holding income, development potential, and serious operational scale.

The recently completed ‘Manawatu Gorge motorway' and Transmission Gully extension to Otaki have enhanced the regions connectivity and is generating real focus on this region as the place to be for ease of distribution throughout the North Island.

Whether you're looking to expand your footprint, securing a strategic investment, or unlocking development upside, this is a wonderful chance to secure a significant industrial asset in one of the region's most connected precincts.