Residential
More from realestate.co.nz:
Agents News

108 Palmerston Street, Riverton, Southland

Riverton Landmark: Established Income & Growth!

dollar

Negotiation

House
Home & income
Bedroom
2
Bathroom
2
Floor area
330m2
Land area
1012m2
On this page:

Property details

Listing # INV35059 | Listed on 27 October

If you love character buildings that leave behind a story, this is one you'll want to take a closer look at.

Dating back to approximately 1891, Mrs Clark's Building has been part of Riverton's history for well over a century. Designed by architects McKenzie and Gilbertson, the building was originally associated with baker Duncan Weldon Clark and his wife, Margaret Young, who became known as Mrs Clark.

Following her husband's passing, Margaret took over the premises, continuing the business as a bakery and grocery store until 1914. Over the years, the building passed through several owners, many of whom continued its baking heritage.

Then came another chapter in its story.

More than a century after its early beginnings, the building became home to the much-loved Mrs Clark's Cafe, helping put Riverton on the map as a destination for locals and visitors alike. The cafe went on to earn recognition as New Zealand's Best Cafe in 2012 and 2013.

Today, this historic property continues to generate income, leased to three tenants: the well-known Christmas shop, a screen-printing business, and a residential tenant occupying the two-bedroom apartment upstairs.

But there's more here than history and established income.

With approximately 330 square metres of floor space, an additional room at the rear of the building, generous parking and land that may offer potential for additional holiday accommodation cabins, the possibilities are certainly worth exploring, subject to the necessary consents (if any).

Perhaps you're an investor looking for an established income stream. Perhaps you have a vision to create a unique home-and-income opportunity. Or maybe you can imagine bringing the building's hospitality back to life in a new and exciting way.

  • Approx. 330sqm floor area
  • 1,012sqm land area
  • Approx. $700 per week in rental income
  • Three tenancies across commercial and residential spaces

Commercial Tenancy One - Christmas Shop

  • Spacious retail floor
  • Heat pump heating
  • Three storage rooms

Commercial Tenancy Two - Screen Printing Business

  • Large shop floor
  • Two toilets
  • Separate laundry
  • Outdoor entertaining space
• Heat pump


Upstairs - Two-Bedroom Apartment

  • Two bedrooms
  • Combined kitchen and dining area
  • Combined bathroom and laundry
  • Shower over bath
  • Separate storage room
  • Heat pump heating

Info pack available.

This is more than a building. It's a piece of Riverton's story, with the potential to create its next chapter.



Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents. Land and floor area measurements are approximate, and boundary lines indicative only. All efforts have been made to source accurate information from reputable sources (i.e. Regional/City councils, Property-Guru, Core Logic etc). We cannot, however, verify its accuracy and suggest this should not replace independent clarification through standard due diligence.

Your notes
Add notes for your personal reference. This can only be seen by you.

Additional features

Other Features: Christmas Shop,3 x Rooms + Storage Room,1 x Room,2 x Toilets,1 x Laundry,2 Bed Apartment,1 x Bath,1 x Kitchen,1 x Storage Room,1 x Living Room,3 x Heat Pumps + Remotes

Fibre availability

Your residential fibre options

Powered by Chorus
With plenty of capacity and speed, fibre provides fast broadband services you can rely on. With a range of speeds and affordably priced plans to choose from – find out what’s available.

Schools and childcare in the area

Fibre availability

Powered by Chorus
Great news! It appears this address has a fibre box (ONT) installed, so connecting to fibre should be easy. Find out how to get fibre sorted before you move house.
Learn more

Fibre
Starter

Installed

Fibre Starter 100
100/20
mbps

from
$60
per month

Fibre
500

Installed

Fibre 500
500/100
mbps

from
$89
per month

Fibre
Max

Installed

Fibre Max
900/500
mbps

from
$99
per month

Hyperfibre
2000


Hyperfibre 2000
2000/2000
mbps

from
$149
per month

Hyperfibre
4000


Hyperfibre 4000
4000/4000
mbps

from
$179
per month
Not available
Hyperfibre
8000
currently is not available at this address

Hyperfibre
8000


Hyperfibre 8000
8000/8000
mbps

from
$260
per month

Wanting to order fibre broadband before you move house?

Head to broadbandcompare.co.nz to view fibre broadband options available at this address and get connected before you move.
Learn more
$
$
% p.a.
years
$0 per week
Contact the agent
Name  (required)
Email  (required)
Phone  (required)
I'd like to enquire about:
Your message

By continuing, you agree to our terms of use and privacy statement.