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Kelvin Grove

1 Bounty Place, Kelvin Grove, Palmerston North

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6,406sqm Land area SQM
2,151sqm Floor area

Flexible substantial industrial offering


For Sale by Expression of Interest, 2pm, Wed 21st Oct 2026 (unless sold prior). Bayleys, 243 Broadway Avenue, Palmerston North.

1 Bounty Place sits within Palmerston North's established industrial precinct, offering a practical solution for warehousing, logistics, or manufacturing operators.

The location provides strong connectivity to key arterial routes and is surrounded by long standing industrial occupiers, reinforcing its position within a proven industrial zone.

The facility delivers a high stud warehouse with full B train access from both Mihaere Drive and Bounty Place, enabling genuine drive through capability. A generous yard supports truck movement and container storage, while the office and amenity areas provide a functional base for daily operations. The property also benefits from approximately $325,000 of net holding income.

Key features:
• High stud warehouse with dual access and full B train capability
• Generous yard
•Office and amenities
• Established industrial location and industrial zoning

Approximate areas:
• Warehouse: 1,790sqm
• Office/amenities: 470sqm
• Mezzanine: 30sqm
• Total site area: 6,406sqm

Available for sale or lease, with the sale offered via Expressions of Interest. Suitable for owner occupiers, investors, or tenants seeking scale in a tightly held industrial market.

Key features


Transport access

Strategic dual-access site with entry from both Bounty Place and Mihaere Drive, providing excellent vehicle circulation and operational efficiency

Zoning

Industrial zoning offering flexibility for a wide range of industrial, warehousing, logistics and trade-related activities

Location

High-profile corner position within a well-established industrial precinct, benefiting from strong exposure and connectivity

Land area breakdown

Substantial freehold landholding of 6,406sqm (more or less), providing generous yard, development and operational potential