453A Ferguson Street, Palmerston North CBD, Palmerston North

Prime central block of five flats offered for sale

For sale by Auction 11:00am, Fri 4 July 2025 (unless sold prior), Bayleys, 243 Broadway Avenue, Palmerston North

We are pleased to present an opportunity to acquire a substantial property comprising of five, two-bedroom, cross-leased flats, each set on a 1/5 share of 1,386sqm (more or less) in a fantastic central location.

The properties are set back from the road, within walking distance to the CBD, easy commute to Massey University and all amenities. The units are low-maintenance brick and aluminium joinery, well-maintained and easily managed. The property includes easy care landscaping. Unit 12 has recently been redecorated and all units are in good condition and Healthy Homes Compliant.

If you are looking for a solid investment opportunity currently with 100% occupancy, then look no further. These units offer a great income. The five units are on individual cross-leased titles and have the potential to be sold individually in the future.

Tenant demand for this type of property in this location is high.

Approximately 1.5 hours drive from the Kapiti Coast and approximately 2 hours drive from Wellington.

The Manawatu region is experiencing huge growth and is supported by Government infrastructure spend.

Our Vendors are genuinely on the market. Please do not hesitate to contact me to receive further information and to arrange a viewing of the property.