108 Palmerston Street, Riverton, Southland, Southland

Welcome to this iconic Riverton building, steeped in history and the architecture of its era the current owners have modernised and its now up for sale. Own a piece of Riverton heritage as an investor with great rental return and potential to grow your investment.

The building has been renovated/modernised upstairs and is currently occupied by a long term tenant, making it a great investment opportunity for anyone looking for a steady income stream.

Two commercial tenants downstairs add to to the return on investment. There is also a potential opportunity to set up a laundromat. The space has been set up for gas and power for laundromat machines, making it an easy setup for anyone looking to get a new and exciting business started in Riverton (SDC consent will be required).

Wait theres more: The current building sits right on the street front and there is a large carpark and grassed area out the back with enough space for car parking and the new owner could add accommodation cabins to bring in more income. With the rise in tourism and demand for short stay accommodation this could be a great addition for Southern scenic route travellers and Te Araoa Trail walkers overnight needs in our seaside town.

• Total floor area approximately 330m2 (Downstairs approx 230m2, residential flat approx 100m2)
• Asking Price is $430,000 plus GST (if any)

Give Jan a call today for more info and to arrange a viewing.