68 Victoria Avenue, Whanganui Central, Whanganui
Tender 11 October 2024
344m2
1,359m2
+20
+19
A genuine investment
68 Victoria Avenue, Whanganui, is located 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 m2 (approx), building 1,359 m2 (approx), and lease parking for the tenants is 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 $154,582 pa. 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 their location. 68 Victoria Avenue is a particularly tidy and very well maintained investment property. For sale by Tender closing 2.00pm, Friday 11 October 2024 at Property Brokers Ltd, 51 Taupo Quay, Whanganui.
68 Victoria Avenue, Whanganui Central, Whanganui
Web ID
WGC186684
Floor area
1,359m2
Land area
344m2
District rates
$19,711.43pa
Regional rates
$1,239.63pa
LV
$430,000
RV
$1,980,000
Tender (unless sold prior)
Friday, 11 October 2024, 2.00pm
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