68 Victoria Avenue, Whanganui Central, Whanganui

price TBC
344m2
Land Area
1,580m2
Floor Area
sold-flag

A genuine investment

68 Victoria Avenue, Whanganui is in the prime retail, central commercial area of the city. Above the ground floor retail shop there are three floors of office space and a roof-top office with expansive deck and panoramic city views. The building is a 1971 structure of reinforced concrete, with both lift and stair access, constructed for State Insurance. The Detailed Seismic Assessment records 82% NBS, allowing occupancy by the widest range of tenants. Land area 344 sq m (more or less), building 1,580 sq m (more or less), lease parking for the tenants being located directly behind the building. The tenants are Stirling Sports as ground floor retail, the balance of the building is the Whanganui office of Te Wananga o Aotearoa. Total net rental is $147,000. Set among a wide range of businesses, Farmers Department Store, Spark, banks plus a strong selection of local and regional businesses. The tenants are both nationally recognised businesses, and have a commitment to the location. 68 Victoria Avenue is a particularly tidy and very well maintained investment property. For sale by Tender closing at Property Brokers Ltd, 51 Taupo Quay, Whanganui, 3.30 pm, Wednesday 16th of March 2022.

Chattels

Fixed floor coverings, Light fittings, Blinds, Burglar Alarm, Light fittings including sensor controlled lighting, Auto Door Air Curtain, Fibre infrastructure and connection cables, Venetian Blinds 2 x Air Conditioner units installed at Darward Enterprises Tenancy and 4 Air Conditioner units installed at the Te Awanga tenancy (refer Deed of Variation and Renewal of Term of Lease dated 2 December 2021),
68 Victoria Avenue, Whanganui Central, Whanganui

Web ID

WGC12126

Floor area

1,580m2

Land area

344m2

District rates

$15,486.57pa

Regional rates

$772.04pa

LV

$215,000

RV

$1,100,000

price TBC
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By Negotiation

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