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

37 Albert Street, City Centre

Price by negotiation

Listing Description

Listed: Wed, 1 Oct

MULTI INCOME INVESTMENT WITH POTENTIAL

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

Price by negotiation

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

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


Open home times

No times scheduled

Property Files

Michele Barnao

Discover more about this property.

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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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