44 Ridgway Street, Whanganui Central, Whanganui
$460,000 + GST (if any)
129m2
171m2
+11
+10
Character investment
A charming early-1900s building which has been subject to an extensive restoration programme, blending heritage character with modern performance and compliance. Strengthened to 68% NBS, the property offers confidence for investors seeking resilience alongside long-term appeal plus the all-important opportunity to purchase a tenanted investment property. The building is leased to a well-established catering and takeaway tenant, providing a reliable income stream from a practical, efficiently configured premise suited to its use. Current net lease is $25,000. The ground floor contains a retail sales area, the efficient commercial kitchen, dedicated storage plus amenities and outside is an in-ground grease trap. The first floor comprises additional storage and office with commanding views. Section area is 129 m2 (approx), building area 171 m2 (approx), construction is brick and timber, was strengthened and re-roofed in 2012. With its compact footprint, proven tenant and carefully restored character, this property represents an attractive, entry-level commercial investment, or a complementary addition to an existing portfolio. For sale $460,000 plus GST (if any).
44 Ridgway Street, Whanganui Central, Whanganui
Web ID
WGC217334
Floor area
171m2
Land area
129m2
District rates
$6,226.99pa
Regional rates
$469.31pa
LV
$135,000
RV
$530,000
$460,000 + GST (if any)
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Upper Victoria Avenue, Whanganui business district, offering excellent exposure for office and hospitality opportunities. Nearby businesses include motels, commercial offices, national chain hospitality businesses, supermarkets, vehicle retailers, big box retail and manufacturing - an inclusive broad spectrum of industries and businesses attracting a wide range of professions. Whanganui Intermediate School, Whanganui City College and Whanganui Collegiate School and a day care centre are within walking distance. The unique layout, with a total tenantable area 386 m2 (approx) inclusive of courtyard, has eight designated car parks. The street front location is "sunny side" and visibility is excellent. A functionally designed layout can be adapted to suit the specific requirements of one or more tenants. Expressions of interest are invited from prospective tenants.
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