195 College Street, West End, Palmerston North City, Manawatu

Opportunity alert! If you're looking for a property to develop to create multiple income streams, or a home with versatile potential, then take a look at #195 College Street!

The property layout features a residential 2-3 bedroom flat with separate entry at the rear of the property, and two retail shops on the street frontage. For someone wanting to run a business with high visibility while living out back, this property ticks the boxes.

Previously run as a beauty and hair salon, the larger main shop at the front offers generous floor space with a small side area and generous back room. The small 2nd shop has had multiple usage in the past and can be run as a standalone retail space or as part of the main shop.

The residence at the rear of the building is currently configured as a two-bedroom flat, but the versatility of the layout means the back room of the main shop could easily be converted into a third bedroom or additional living space if desired. The flat has been refreshed with paint, new lino in the kitchen and brand-new carpet. It has been successfully rented in the past, having never struggled for tenants, and would be even more appealing as a 3 bedroom if you changed the layout.

Being in a great West End location opposite West End School and the Kiwi West Aquatic centre, it is a highly active part of town ideal for a thriving small business. Road parking is available directly out front, with two off-street parks at the rear of the property.

If you are thinking a small retail store, coffee shop or a business where you could live out back or have some of your staff stay - the options are endless. Alternatively, you could use the entire building for your business (utilising the flat as office or consulting rooms), or just rent out the flat as is to cover costs while you prepare what you wish to do.

Whichever way you cut it this is a bargain - in the current market the same money might only get you a small two-bedroom unit elsewhere - So do not delay, grab the opportunity while you can!