Bayleys Real Estate Ltd
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Whanganui

87-97 Victoria Avenue, Whanganui, Whanganui

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1,307sqm Floor area
1,857sqm Land area SQM
18 Offstreet

For Sale by Negotiation

First class, quality retail investment


•Beautiful new building (100% NBS)
•Strong tenant covenant - Specsavers, Flight Centre, Spark and Cactus Creme' Cafe
•Prime Main City Location
•Returning a net rental of $315,806.56 + GST effective from the date of settlement
•Huge traffic counts with excellent parking
•Committed vendor

A superbly located, new building with excellent frontage and exposure. Wonderfully located in Whanganui's premier retail strip. Supported by high foot and traffic counts. Impressive neighbouring tenancies housing national and local retailers. The property enjoys tenant diversification and good lease covenants with contracted annual rental growth. Space to further diversify and add to the net income. Construction was completed in 2015 to 100% NBS.

The strong WALT of 5.22 years, freehold tenure, location and rental growth provide an opportunity to secure a serious retail investment.

Our UK vendor is truly on the market and wishes to sell.

Karl Cameron

Karl Cameron


Mid West Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Russell Duggan

Russell Duggan


Bartley Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Lewis Townshend

Lewis Townshend


Mid West Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

NBS


100%

Occupancy


Four separate tenancies with an opportunity on offer to provide further rental growth

Total Net Rental


$315,806.56 + GST