50 Wilson Street, Whanganui City, Whanganui

Eight inner-city townhouses with strong returns

Deadline sale closing 1pm, Thu 12 Mar 2026 (will not be sold prior)

50 Wilson Street presents a phenomenal opportunity for investors seeking to instantly grow an existing portfolio or establish strong performing rental investments from the ground up. Offered on one title are eight well-appointed, centrally located two-storey townhouses - an increasingly rare asset in Whanganui's inner city.

The townhouses are all set on one title and collectively deliver an impressive approximate gross weekly income of $4,150, equating to $215,800 per annum, through its current tenancies, providing immediate and reliable returns.

Adding significant value is the approved Resource Consent, granted in November 2024, allowing for each of the eight townhouses to be subdivided by any new owner onto individual freehold titles with shared right of way. This consent unlocks a range of strategic options for a future owner - whether it be to secure and hold the asset long-term or complete the subdivision and sell down selected units with the intent to reinvest capital and further enhance cash flow from retained properties.

Each townhouse comes fully furnished and features a consistent and highly functional layout. The ground floor comprises a modern kitchen, dedicated laundry, separate toilet (one per level) and an open-plan dining and lounge area. The lounge area flows out via a ranch sliding door, to an outdoor living area with easy-care grounds, including synthetic grass, that further enhance tenant appeal and reduce ongoing maintenance.

The upstairs area of each townhouse offers two generously sized bedrooms, a separate study or office, and a family bathroom. Making these homes attractive to a wide range of tenants.

All eight townhouses have Healthy Home Compliance Certificates available upon request, ensuring the properties meet New Zealand's official standards for warm and healthy living - adding confidence for tenants and investors alike.

Constructed in the mid 1940's and designed by the renowned RG Talboys, the townhouses feature hardwood flooring and gorgeous art deco features throughout of the era. Purpose-built and historically linked to the “Old Fire Station” neighbouring at 139 Guyton Street. The townhouses were originally constructed to house the married firemen and their families in close proximity to the Station. Therefore, 50 Wilson Street carries a strong heritage connection while meeting modern living expectations.

The townhouses are currently tenanted by a stable mix of working professionals, retirees, and families, with each townhouse offering a near-identical floor plan - ideal for streamlined management.

Current rental income per unit:
•Townhouse 1 - $500 pw
•Townhouse 2 - $540 pw
•Townhouse 3 - $530 pw
•Townhouse 4 - $490 pw
•Townhouse 5 - $500 pw
•Townhouse 6 - $540 pw
•Townhouse 7 - $510 pw
•Townhouse 8 - $540 pw


In terms of set expenses, rates for the current period 25/26 and insurance at present are:
Whanganui District Council - $22,325.73
Horizons Regional Council - $1,311.19

Located within the heart of the Whanganui CBD, these townhouses are often sought after by tenants due to their rare location, fully furnished- move in ready convenience, quality and character available. All of which are not commonly seen together in the rental space within the Whanganui market.

With strong returns, subdivision potential and a prime central-city location, 50 Wilson Street represents a rare and compelling investment opportunity in Whanganui's growing market.

Enquire with Crystal and the team today for further information and to discuss how you can secure this outstanding offering.