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  • Sold
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Act now as the vendor has issued firm instructions to sell. Lock, stock and barrel, it must be sold.

The property offers an opportunity to secure a strategic property in the heart of Palmerston. Situated in the main shopping and business area on a main road with fantastic street frontage.

Palmerston is a bustling small town, 40 minutes north of Dunedin, on State Highway 1. It has a loyal rural community and is a popular stopping point for traffic heading for both Central Otago via the Maniototo or up and down State Highway 1. Palmerston is the closest town to the successful Macreas Gold Mining operation.

Zoning in this area allows for both commercial and residential use, therefore offering flexibility to the purchaser. The existing business can be included in the sale. Vendor finance may be available.

Built in the 1980s as a bank, it is sturdy concrete block construction, consisting of 130 m2 (approx) floor area positioned on 539 m2 (more or Less) of freehold land.

This opportunity is not to be missed, the vendor is motivated to sell and is requesting all offers be brought forward. This is a unique opportunity to get into the property market at an affordable level.

•Zoning allows commercial and residential uses
•Main road frontage
•Sturdy construction
•Extensive Chattels list

Act quickly to secure this property. Contact Andy for the full Colliers Information Memorandum or to arrange a viewing.

Other investment options at colliersotago.co.nz

Ref #: 20523337
  • 09/11/2020
  • Contact our experts for details on this transaction.