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Investment Opportunity

181-187 Palmerston Street, Westport

Commercial Land
dollar

Negotiation

Floor area
1670m2
Land area
2051m2
Title type
Freehold
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Property details

Listing # WEC227047 | Listed on 22 April

This substantial commercial property offers a compelling opportunity for both investors and owner-occupiers seeking scale, flexibility, and strong income potential. Positioned in one of Westport’s busiest commercial precincts, the property enjoys a high-profile location directly opposite New World supermarket, delivering excellent exposure and consistent foot and vehicle traffic.

The building comprises a versatile mix of office, warehouse, and storage spaces, catering to a wide range of commercial and industrial uses. Currently configured with five tenants in place, the property provides immediate diversified rental income.

Adding further appeal are two key vacancy opportunities, including a large office/warehouse/storage space of approximately 390m2, ideal for logistics, light industrial, or distribution operations, alongside a separate 60m2 office space suited to a small business or satellite office.

Set on a generous 2,051m2 landholding with a total floor area of 1,670m2, the property also benefits from ample on-site parking and a functional layout that supports flexible occupancy options.

With a 67% NBS rating, council rates of $27,420 per annum, and current insurance of $35,625 per annum, this is a well-positioned asset offering both immediate income and future upside.

Whether you’re looking to expand your investment portfolio or secure a premises for your own business, this is an opportunity not to be missed.

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