133 Victoria Avenue, Whanganui Central, Whanganui

For sale, two income stream option, one title, pure central retail on the sunny side of Victoria Avenue, a great location to purchase. Tenanted by Wisdom Is Yours. A Heritage building, 1895 construction, with an eye-catching Art Deco style facade, previously known as Dustins, has been modernised downstairs, with the upper floor rooms still in the original style. 59 Victoria Avenue has a concrete slab ground floor, the individual shops have rear storage and office spaces, separate upper floor storage and a common area courtyard. Floor area 426 m2 (approx), section 248 m2 (approx).

From $450,000 + GST (if any)

Often admired, the ground floor retail area features a mixed modern industrial style. Unique exposed trusses are integral in an earthquake strengthening process for this Victoria Avenue heritage building, with retail ground floor and potential apartment development to the top floor. A truly prime position in the central Victoria Avenue, Whanganui`s main retail locality, neighboured by a wide range of successful national and local business tenancies. The ground floor has a substantial mezzanine over the mirrored changing rooms and kitchenette. The top floor is spacious and requires some TLC and vision. Total floor area 300 m2 (approx) and section 164 m2 (approx). Originally constructed as retail and offices, the current owner has not continued the strengthening development on the top floor, although plans are provided. Views from both floors are streetscape and city overviews.

Price on Application

Positioned in the heart of Whanganui's bustling city centre, 68 Victoria Avenue presents an exceptional opportunity to secure a high-profile commercial investment, surrounded by leading local, national and international tenants. This property combines reliable income, strong seismic credentials, high business foot traffic and genuine future upside. The building comprises four storeys plus a penthouse, with total floor area 1,359 m2 (approx) on 344 m2 (approx) section. The ground floor features a prominent vacant retail tenancy with excellent street presence. Above, three upper floors are occupied by a long-standing office tenant, providing stable, predictable income. The standout feature is the top floor which is designed with a penthouse-style layout, offering stunning 360-degree views across the city and river, adding a unique premium to the building and future repositioning options. With an 82% NBS (DSA) rating, the property offers strong structural confidence. Tenant parking is available behind the building, as required. Well located and positioned for the future, this is a rare chance to acquire a quality CBD investment. For sale $2,200,000 + GST (if any), with flexible settlement terms available. Private viewings by appointment - contact us today for further details.

$2,200,000 + GST (if any)