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Professionals Palmerston North (Unique Realty Ltd MREINZ), (Licensed: REAA 2008)
Michele Barnao Michele Barnao

37 Albert Street, City Centre

Deadline sale by 23 Oct

Listing Description

Listed: Wed, 1 Oct

MULTI INCOME INVESTMENT WITH DEVELOPMENT POTENTIAL

37 Albert Street, City Centre, Palmerston North, Manawatu / Whanganui

To be sold by deadline sale (by 23 Oct)

Details

  •   6+ Beds
  •   5 Baths
  •   319m² Floor
  •   1012m² Land
Other Features
  •   2 Off-street parking
AttributeValue
Property type
Unit
Capital value (CV)
$1,590,000
Parking
2 carports
Agency reference
PN4542
Broadband in the areaFibre, ADSL, Satellite, VDSL, Wireless

Description

Deadline Sale: 23rd October 2:00PM

This is an exceptional opportunity to secure a unique multi-income property in a prime central location.

With a total of 8 Bedrooms. The main house at the front of the property has been converted into two flats, both currently rented. There's plenty of scope here - renovate, redevelop or reconfigure to maximise value.

Located at the rear of the house is a solid block of three classic 1970s brick and aluminum 2 bedroom units. all tenanted, adds further income security. Each unit is Healthy Homes compliant and on a cross-lease title. Together the properties return a gross rental of $1,780 per week, providing strong holding income while you explore the future possibilities.

Centrally located, close to city amenities, transport and schools, this is an opportunity for investors, developers or land-bankers to secure a rare multi-income property in a growth area.

Limited viewings by registration and appointment.

TO BE SOLD AS ONE BLOCK DEADLINE SALE 2:00pm Thursday the 23rd October 2025


Open home times

Sun, 5 Oct
2:00 pm - 2:45 pm
Request a viewing

Property Files

Michele Barnao

Discover more about this property.

Request the files from Michele.









Professionals Palmerston North (Unique Realty Ltd MREINZ), (Licensed: REAA 2008)
Michele Barnao

Michele Barnao


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Agent's details

Michele Barnao

Michele Barnao

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Professionals Palmerston North (Unique Realty Ltd MREINZ), (Licensed: REAA 2008)

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