99 Kaimanawa Street, Kelvin Grove, Palmerston North

Outstanding, modern, well-presented warehouse

• Modern, well-presented warehouse/bulk retail and office
• Freehold site with a large undeveloped area for further expansion
• Significant yard and generous parking

Positioned in the heart of Kelvin Grove's established industrial precinct, 99 Kaimanawa Street offers a rare chance to secure a substantial 5,115sqm (more or less) freehold site with versatile improvements and genuine future development potential. The property includes a modern, well-presented commercial building of approximately 966sqm (more or less), comprising quality office accommodation, bulk retail/showroom space, and a mezzanine storage area.

The layout suits a wide range of industrial, trade, commercial, or service-based uses, making it an attractive option for both owner occupiers and add-value investors. The site features extensive sealed yard and parking, outdoor areas, and a large undeveloped portion to the northeast - ideal for expansion, additional buildings, or reconfiguration to suit operational needs. The property is currently occupied with a lease in place on a month-to-month basis, returning $18,720 net per annum, providing holding income while still offering flexibility for future plans. It also benefits from an 80% seismic rating, giving confidence to both investors and occupiers.

Industrial zoning supports a broad range of activities, and the site enjoys excellent access to major transport routes, the rail network, and Palmerston North Airport. Surrounded by major national and regional operators, this property sits within one of the city's most sought-after industrial zones. A compelling opportunity in a high growth industrial market, offering scale, versatility, and genuine upside.

For sale by deadline closing 2pm, Wed, 11th Mar 2026 (will not be sold prior).
Nb: development subject to council consent (due diligence required).