52-58 Victoria Avenue, Whanganui Central, Whanganui

By Negotiation
2,023m2
Land Area
2,080m2
Floor Area

+31

+30

Iconic landmark

The Rutland - an icon on the corner of Victoria Avenue and Ridgway Streets Whanganui, is a Category B Heritage 2 storey building, on a freehold title of 2,023 sq m (more or less). A significant slice of real estate in Whanganui`s main business centre, with car parking and service area at the rear of the L shaped complex. Long renowned for its hospitality business, the Rutland Arms Inn on Ridgway Street offers accommodation in the grand style of yesteryear, accompanied by a substantial, acclaimed restaurant, bar and relaxing social areas. Definitely impressive. Combine the Rutland Arms Inn with the equally significant Victoria Avenue frontage, tenanted by a range of businesses and offices, the allure of the location is obvious. Consider this an asset to be prized. The tenants include the corner, old world style, modern cuts barber shop, alongside hi-tech repairs, crystal retail, beauty and health tenancies. Upstairs are legal and other office business locations. This very versatile mix of tenancies, ranging from hospitality through to retail and service businesses, makes The Rutland an attractive investment, with a net rental in excess of $210,000. Don't miss the opportunity to invest in this Heritage Icon, with substantial returns, located in a progressive regional city.
52-58 Victoria Avenue, Whanganui Central, Whanganui

Web ID

WGC15126

Floor area

2,080m2

Land area

2,023m2

District rates

$40,100.24pa

Regional rates

$1,079.54pa

LV

$760.000

RV

$1,620,000

By Negotiation

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Gil Button

Gil Button

021 326 956

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52-58 Victoria Avenue, Whanganui Central, Whanganui

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The Empress Building at 36 Ridgway Street, Whanganui, constructed in 1916, is a Class A Heritage Building located alongside other early 1900s buildings. It is east facing with views overlooking Ridgway Park, central city properties and with Durie Hill in the distance. Two storey masonry construction with a classical-style plastered facade, incorporating distinctive features. The central entrance leads to the board room and multi-office layout, with stairs sweeping to the upper floor. The acclaimed interior is untouched, displaying the timber panelling in the entrance and hallway, ground floor rooms, stairway and top floor. Designed and built as offices for architectural and legal businesses of the era, the current tenants are Mainstreet Whanganui on the ground floor, with engineering and architectural businesses on the upper floor, all established and continuing tenancies. Just a short walk from this central location to the main hospitality, retail, professional, art and educational businesses of the central city.

By Negotiation

A destination for many business types, the historic Victoria Court building in Whanganui's Victoria Avenue is the home of Japanese Kitchen Wa and the unique environment is complemented by this renowned hospitality business. A licensed cafe and restaurant, the business caters for Asian tastes and offers a wide ranging menu. For sale as a going concern, this 99 sq m (more or less) cafe and restaurant has a fully equipped commercial kitchen, interior and courtyard dining spaces with seating for up to 90 guests. Surrounded by banking and a large range of local and nationally recognised retail businesses. For sale $195,000 plus GST (if any) plus SAV.

$195,000 + GST + SAV

Victoria Avenue is Whanganui`s principal central business and entertainment location, with high pedestrian and vehicle traffic flows. Dining at The Blend Cafe and Infusion Restaurant offers a delightful gastronomic experience. Established as a cafe for the daytime trade, and a licensed restaurant for evening fine dining, is now offered for sale as a going concern. This well laid out cafe/restaurant is 87 sq m (more or less), with seating for 50 diners. It has a full commercial kitchen, is operating in a modern building and has three on-site car parks. Neighbouring businesses include banking, retail, symbiotic hospitality and service trades. A great main street location. For sale $280,000 plus GST (if any) plus SAV.

$280,000 + GST + SAV

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