68 Victoria Avenue, Whanganui
$2,200,000 + GST (if any)
334m2
1,359m2
+20
+19
Prime CBD investment
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 stories plus a penthouse, with total floor area 1,359 m2 (approx) on 344 m2 (approx) section. The ground floor features a prominent 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. Additional value comes from leased parking at the rear, supporting tenant convenience and long-term demand. Both tenants are secured with leases through to 2031, ensuring consistent cashflow for the incoming owner, at Net $156,871. Well located, fully leased 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 IM and further details.
68 Victoria Avenue, Whanganui
Web ID
WGC218532
Floor area
1,359m2
Land area
334m2
District rates
$20,322.49pa
Regional rates
$1,408.32pa
LV
$430,000
RV
$1,980,000
$2,200,000 + 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.
By Negotiation
Are you seeking a location for destination customers with great signage space, a smart, clean and functional layout with an easy truck access to the storage and dispatch loading area? This high stud open plan building has a combined area of 831 m2 including the 667 m2 (more or less) main retail area. Definitely well appointed, the exterior shared customer parking is accessed from Ridgway Street, with another main entry from Trafalgar Square on Taupo Quay. Nearby tenancies are Countdown, The Warehouse, Carpet Court and multiple national retailers, all within the Trafalgar Square shopping complex plus Ford Motors and other retailers across the streets. Definitely a central location to consider when looking for a substantial floor area.
$150,000 pa + GST + OPEX
Looking for space on Victoria Avenue, in central Whanganui? This building is becoming a popular destination with various tenants now in place. Take your choice, from 50 to 500 m2 (approx), either open plan or divided into various configurations of offices with amenities, stairs, lift and access from the marble lined foyer in Guyton Street. For lease by negotiation.
By Negotiation
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