64 Limbrick Street, Terrace End, Palmerston North

Rare home and business opportunity!

If you currently lease a commercial space for your existing business or have always wanted to be your own boss, this could be the perfect opportunity to own, live and control your lifestyle!

Live in the large two storey home and utilise the separate garaging and sleepout, and then set up the fantastic commercial space for your needs. Alternatively, lease/rent out the entire property for a strong return, or live in the home and lease out the shop for income. The options are endless.

The property sits on a 890sqm (more or less) section zoned 'Local Business' (the category is CXS Commercial-multi/other suburban) and consists of:

1) Large two storey, four bedroom, two bathroom, two living area character home with lovely, exposed wood features and ornate ceilings throughout.

Presented in good condition, the bones are here to recreate a stunning family home with wonderful spaces, or it could be reconverted into two separate flats for extra income perhaps?

2) An approximate 100sqm (more or less) retail/office space with fantastic street frontage adjoining other retail tenants. Own toilet out the back, and facilities for a separate kitchen, office and/or storage. The estimated annual rent is at $16,000 to $20,000 plus GST inclusive of operating expenditure being rates and insurance.

With painted timber flooring, dual HVAC units and excellent lighting, this space presents a great opportunity for a variety of businesses. Benefitting from frequent activity in this neighbourhood destination, you could easily set up an existing business or start one (boutique retail, takeaway, small restaurant, cafe, tech office?).

All options will need to be researched and gain Palmerston North City Council approval, but we suggest your effort on this front could well be the best move you've made, as this could be a life changing opportunity.

The current Rateable Valuation is $780,000 and the motivated, transferring owners are open to offers so contact Ian Robinson today!