This fully leased three income-stream investment property at 26 Victoria Avenue, Whanganui, is now offered for sale. Retaining the features of its former use as the Whanganui branch of the Bank of New Zealand, location, style and income are hallmarks of this heritage icon. A substantial, quality investment, renowned as a unique building, retro fitted, extended and earthquake strengthened to 66% NZS4203. Land area 884 m2 (approx), building area 795 m2 (approx) including associated improvements. The restaurant ground floor main dining, conference room and mezzanine function room which is accessed via stairs and a service / disability lift. Trades, tenants, staff and hospitality deliveries enter the property from a rear service lane. Rental income is $130,000 Net. The three tenants are Momiji Restaurant and Cafe, Moni Barber and a managed residential apartment. For sale, $1,599,000 plus GST (if any).

From $1,599,000 + GST (if any)

Occupying a prime corner site in the heart of Feilding's central business area this part two storey commercial building includes six tenancies. The anchor tenant is the Bank of New Zealand who occupy ground floor retail plus a second lease for first floor offices and meeting rooms. The balance of the ground floor is tenanted with Paper Plus retail store, Bay Audiology and the Automobile Association. With first floor offices occupied by Vet Services Marketing. These well-established prominent tenants return a net rental of $278,287pa. The building has been constructed in a style that remains sympathetic to the heritage nature of the pre-existing buildings, retaining existing facades in keeping other surrounding buildings. The prominent site has frontage onto three streets, an internal lift and stairs provide access to the first floor. This is an opportunity to invest in the vibrant town of Feilding, currently experiencing good growth and demand for commercial space. Call Ian for further information.

By Negotiation