5 Rutland Street, Whanganui City, Whanganui

Old town precinct development

Rutland Street and Drews Avenue have both received strong investment, rejuvenation and restoration in recent years and the old precinct is fast becoming an attraction for locals and travelling tourists alike. The occupying traders around include the UCOL campus, tourism attractions, bars and cafes alongside a number of lovingly restored heritage properties utilised as mixed-use facilities hosting commercial retailers and residential dwellings.

This property is exceptionally positioned in the heart of all the activity and is only a few hundred meters from both the river - including the river traders market - and the main retail strip of Whanganui, Victoria Avenue. The recent beautification of pedestrian and vehicular accessways have increased foot traffic and activity in the area with people looking to enjoy the Whanganui-famous Porridge Watson bar and the Article Cafe.

Inner-city development opportunities are few and far between and this 464sqm (more or less) parcel of clear land has interim income potential and multiple development opportunities in an area of Whanganui that is most certainly going to see increased investment.