26 Victoria Avenue, Whanganui Central, Whanganui
$1,890,000 + GST (if any)
1,334m2
795m2
+27
+26
Classic quality investment
A fully leased three income-stream investment property at 22-26 Victoria Avenue, Whanganui, is offered for sale. Retaining the features of its former use as the Whanganui branch of the Bank of New Zealand, location, style and income are hallmarks of this heritage icon. A substantial, quality investment, renowned as a unique building, retro fitted, extended and earthquake strengthened to 66% NZS4203. Comprising two titles, land area 1,334 m2 (approx), building area 795 m2 (approx) including associated improvements. The restaurant ground floor main dining, conference room and mezzanine function room is complemented by the adjoining courtyard, accessed from both the main building and Victoria Avenue. The mezzanine has both stairs and service/disability access lift. Rental income $154,000 Net. The three tenants are Momiji restaurant and cafe, Moni Barber and a managed residential apartment. For sale, $1,890,000 plus GST (if any).
26 Victoria Avenue, Whanganui Central, Whanganui
Web ID
WGC207092
Floor area
795m2
Land area
1,334m2
District rates
$22,526.62pa
Regional rates
$1,233.25pa
LV
$740,000
RV
$1,750,000
$1,890,000 + 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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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.
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By Negotiation
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