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Entry-level commercial investment

Property Brokers Palmerston North, (Licensed: REAA 2008)

Listed 28 Jul

889 Main Street, Roslyn, Palmerston North, Manawatu / Whanganui

Enquiries over $599,000

Bed2
Bath1
Land area265m²
Floor area170m²

Details

2 bedrooms
1 bathroom
House
Floor Area
170m²
Land area
265m²
Toilets
2
Broadband
Fibre, Satellite, Wireless
Capital value (CV)
$620,000
Property interior
Property interior

Entry-level commercial investment

Take your first step into commercial property with this high-profile corner site offering immediate rental income, reduced outgoings and long-term flexibility. Positioned on one of Palmerston North's busiest arterial routes, 889 Main Street enjoys exceptional exposure, excellent customer parking and a constant flow of passing traffic. Situated on State Highway 3, it captures vehicles travelling between the city, Roslyn, Kelvin Grove, Ashhurst and Hawke's Bay, making it an outstanding location for business. The well-presented 1960s building is home to two established businesses. Double 8 Nine Fish and Chips has successfully traded from the front tenancy since 2017, while Neptune Coffee occupies the rear premises, having established themselves in 2024. Both businesses are keen to remain, providing immediate holding income for a new owner. An added bonus is that the tenants contribute approximately 90% of the property's outgoings, helping maximise your net return and making this an attractive entry into commercial investing. Residentially zoned while benefiting from established commercial use, the property also offers future flexibility should your plans evolve over time (subject to any required approvals). Whether you're looking to diversify your portfolio or secure an affordable commercial investment in a prime location, opportunities like this are increasingly hard to find. Invest today, enjoy the income, and own a property that offers options for the future. Disclaimer: For online search purposes, this property is advertised as having two bedrooms. The building was purpose-built as commercial premises, has not been converted to or from residential use, and contains no bedrooms nor a bathroom, it does have toilets.

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889 Main Street has been viewed 2,653 times since it was first listed on 28 July. There are 49 people keeping an eye on it.

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Local Schools

  • TERRACE END SCHOOL201 Ruahine StreetRoll: 222
  • FREYBERG HIGH SCHOOLFreyberg StreetRoll: 936
  • ROSS INTERMEDIATE25 Freyberg StreetRoll: 444
  • CORNERSTONE CHRISTIAN SCHOOL119 Mihaere DriveRoll: 612
  • TE KŌHANGA REO O TE AO MĀRAMA103 Rangiora AvenueRoll: 10
  • TUI EARLY LEARNERS NESTLINGS/FLEDGLINGS68 Napier RoadRoll: 64
  • ROSLYN KINDERGARTEN9 Andrew AvenueRoll: 27
  • BUSY BEES TERRACE END104 - 110 Napier RoadRoll: 83
  • TE KŌHANGA REO O TE WHĀNAU MANA KĀKANOC/- Terrace End School Kauri StreetRoll: 22
  • PARKLAND SCHOOL (P NORTH)41 Parkland CrescentRoll: 325
  • WHAKATIPURIA TEEN PARENT UNITFreyberg Street
  • ST MARY'S SCHOOL (P NORTH)69A Ruahine StreetRoll: 222
  • CARNCOT INDEPENDENT SCHOOL263 Broadway AvenueRoll: 128
  • HOKOWHITU SCHOOL227 Albert StreetRoll: 385
  • ROSLYN SCHOOLKipling StreetRoll: 397
  • MANA TAMARIKI165 Grey StreetRoll: 70
  • TKKM O MANAWATU88 Rhodes DriveRoll: 119
  • PALMERSTON NORTH BOYS' HIGH SCHOOLFeatherston StreetRoll: 1794
  • QUEEN ELIZABETH COLLEGERangitikei StreetRoll: 408
  • ST PETER'S COLLEGE (PALMERSTON NORTH)Holdsworth AvenueRoll: 789

Location info

889 Main Street, Roslyn, Palmerston North, Manawatu / Whanganui

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Catherine Richardson

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