1 Wilson Street, Whanganui
price TBC
1,000m2
614m2
Premium national tenant - extended long lease
1 Wilson Street Whanganui. Bottom drawer investment! Corner building on a busy main road, opposite The Warehouse and BP station Situated in the heart of the Whanganui retail-trade business area, close proximity to Retail CBD. BNT has been a long term tenant, on this site for many years, and has a long-term view in this position. BNT is part of Bapcor NZ which is 100% owned by Bapcor Ltd listed on ASX with market cap > AUS $2.3b. • Whanganui is one of their flagship branches in Nth Island • Long-standing business with very stable clientele • Is the central hub for the region (Lower Hutt, Wellington, Levin, Taranaki, Palmerston North) • 1,000 m2 Land (Approx) • 614 m2 of Building (Approx) • 85% NBS • Current rental $95,000 Nett • 2 yearly CPI-adjusted rent reviews • Next renewal: 2 June 2029
1 Wilson Street, Whanganui
Web ID
BC172077
Floor area
614m2
Land area
1,000m2
District rates
$8,876.62pa
LV
$530,000
RV
$1,420,000
price TBC
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Two adjacent titles covering a total 2,053 m2 zoned Outer Commercial, Industrial use, are located on the main thoroughfare into Whanganui City Centre. The buildings cover 488 m2, are mixed age construction, timber frame and have housed a variety of vehicle related businesses, from sales yards to panel, paint and truck storage. 29 Heads Rd is a flat contour section, 31 Heads Rd falls away at the rear, which, when filled, presents an opportunity to develop a single level dual title, prime development location. For sale by Auction at 11:00am, Friday 6 December 2024 at Property at Brokers, 51 Taupo Quay, Whanganui.
Auction
Tidy 150 m2 (approx) standard stud workshop with central office and amenities, is located at the end of Rakau Road among other business/workshop buildings, with on-site parking. The section is secure, the unit is accessed via roller and personnel doors, has good natural light, 3 phase power and is clean and tidy, now ready for lease. Rental $17,000 plus Outgoings plus GST per year.
$17,000 pa + GST + OPEX
This purpose built storage complex comprises 89 units, spread over five buildings, incorporating a range of unit sizes plus a two bedroom owners or caretakers dwelling (or use as a rental), complete with garage and a site office. Features include an automated entry/exit gate, wide driveways for ease of access, an electronic monitored security system, 24/7 access, plus the benefits of a proven, top line accounting system. The property is located in Whanganui's acclaimed and continually expanding development area, specific to commercial and industrial businesses, large and small, in a location set away from residential development. Storage property investment is a burgeoning business type, encompassing a wide range of investors, from individual to institutional investors. Whether you are a hands-off investor, or someone looking to benefit as an owner-operator, this is an excellent investment opportunity. Marketed for sale by tender, as a freehold going concern. Tenders close at 12.30 PM, Thursday 4 July 2024, at Property Brokers Ltd, 51 Taupo Quay, Whanganui. Will not be sold prior.
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