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

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

With a total of 9 bedrooms. The main house at the front of the property consists of two units (1 bedroom at the front with a separate lounge and 2 bedrooms at the back) both tenanted. There's plenty of scope here - renovate, redevelop or reconfigure to maximise value.

Behind this is a solid block of three classic 1970s brick and aluminum 2 bedroom units. all tenanted, adding further income security. Each unit is Healthy Homes compliant. Together all the flats return a gross rental of $1,780 per week, providing strong holding income while you explore the future possibilities. Cross lease titles and combined Rateable Value as at 1 September 2024: $1,595,000

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