Occupying a commanding high-profile corner position on a 2,006sqm site, the property comprises approximately 1,003.70sqm of well-presented retail and trade showroom space, fully leased to Resene ColourShop.
Returning a rental of $220,000 per annum, the investment benefits from a newly renewed six-year lease, providing investors with immediate income security and long-term cash flow commitment.
Resene has occupied the property since 2009, and has established a significant presence in this location. The property stands alongside other national tenants New World, Spotlight and The Warehouse, highlighting the precinct’s importance within Palmerston North.
The building features a well-presented and maintained, clear-span showroom and trade workshop with a new roof installed in 2025 and the property assessed at >100% NBS.
Large-format retail investments with long-standing national tenants are difficult to secure, especially where tenant commitment and location fundamentals are so firmly demonstrated. 217 Main Street represents a genuine bottom-drawer investment.
Contact the Colliers team today for further information or to inspect the property.
(Note: All measurements and specifications are approximate. Boundary lines indicative only).
Features:
- Rental $220,000 per annum (plus GST and outgoings)
- Land area 2,006sqm
- Floor area 1,003.70sqm
- Freehold estate
- Outer Business zoning
- 22 on-site car parks
- Seismic status >100% NBS (ISA report prepared by Stephen Mitchell Engineers Limited, dated 22 June 2026)
More information: https://www.colliers.co.nz/p-NZL67041338
