1 Prince Street, Castlecliff, Whanganui

Large industrial investment and development

This is a unique property right on the gateway to the Whanganui industrial area, a sitting tenant with a current lease until 1st January 2020 with two future rights of renewal with returns of 10% plus before developing the site.

Over 3.2HA of land with 1.6HA available for development, 9850sqm of current buildings which is leased the numbers work out for this large scale commercial industrial site.

Selling at $1,600,000 + GST if any this is one of Whanganui's best investments with a lack of warehouse in the industrial area this could be a long term investment with the growth potential over time to create an impressive passive income.

Call Bayleys to view this property by appointment only