285 Fitzherbert Avenue

West End Manawatu-Wanganui

178 m²

833 m²

House

Currently for sale - view listing

Overview

3X THE OPPORTUNITY

Deadline Sale: 25th August 2026; 2.00pm (Not sold prior) Perfectly positioned on Fitzherbert Avenue, opposite the beautiful Esplanade, this is an opportunity that combines immediate returns with exciting future possibilities. With picturesque river walks, parks and recreation a stones throw away, plus public transport nearby providing easy access to the city's universities, this is the kind of location tenants actively seek. Set on a generous 833m² (more or less) section, the property offers exceptional flexibility. Whether you're looking to expand your investment portfolio, secure a home with supplementary income, land bank for the future, or explore development potential, the options here are plentiful. The property comprises: Two one bedroom flats One four bedroom flat With a combined estimated rental return of approximately $1,200 per week, this represents an attractive triple income opportunity. Better still, the existing tenants would love to stay on, providing immediate income while you decide on your long term plans. There is also scope to further enhance the property's appeal. Refresh the existing improvements, add garaging, or investigate future development opportunities to maximise the value of this sought after site. Properties offering this combination of location, income and future potential are becoming increasingly difficult to find. Positioned in one of Palmerston North's most desirable locations with zoning already in your favour, this is an investment that offers rewards today and possibilities for tomorrow. House size - 178m2* Land Size - 833m2* Age - 1922* Bedrooms - 6 Bathrooms - 3 Off Street Parking - 5+ * Sourced from RPNZ, QV, PNCC & Horizons