68 Victoria Avenue, Whanganui
$2,200,000 + GST (if any)
334m2
1,359m2
+20
+19
Prime CBD investment
Positioned in the heart of Whanganui's bustling city centre, 68 Victoria Avenue presents an exceptional opportunity to secure a high-profile commercial investment, surrounded by leading local, national and international tenants. This property combines reliable income, strong seismic credentials, high business foot traffic and genuine future upside. The building comprises four storeys plus a penthouse, with total floor area 1,359 m2 (approx) on 344 m2 (approx) section. The ground floor features a prominent retail tenancy with excellent street presence. Above, three upper floors are occupied by a long-standing office tenant, providing stable, predictable income. The standout feature is the top floor which is designed with a penthouse-style layout, offering stunning 360-degree views across the city and river, adding a unique premium to the building and future repositioning options. With an 82% NBS (DSA) rating, the property offers strong structural confidence. Net rental is $156,871, tenant parking is available behind the building, as required. Well located, fully leased and positioned for the future, this is a rare chance to acquire a quality CBD investment. For sale $2,200,000 + GST (if any), with flexible settlement terms available. Private viewings by appointment - contact us today for further details.
68 Victoria Avenue, Whanganui
Web ID
WGC218532
Floor area
1,359m2
Land area
334m2
District rates
$20,322.49pa
Regional rates
$1,408.32pa
LV
$400,000
RV
$2,050,000
$2,200,000 + GST (if any)
Print property flyer
View by appointment
Contact
Property enquiry
About the location
You might also like
Victoria Court, central to Victoria Avenue Whanganui, is a heritage building with a difference. Built in 1919/1920, this Class B grand old lady was constructed in two identical halves, with the exception of the front facades, one Ionic, the other Corinthian. A central glass roof courtyard is surrounded by various business types, internal stairways provide access to the upper floor. The property offers walk-through from Victoria Avenue to Watt Street. Internally, there have been alterations in 1981-1982 and again in 2018, while the balance maintains its original character, with feature timber paneling and old world style. From cellar to rooftop, this building exudes interest! Tenancies comprise of retail, hospitality, professional and consultancy. Land area 1,012 m2 (approx), building floor area 1,084 m2 (approx). For sale by negotiation, all offers considered.
By Negotiation
A private office suite, 227 m2 (approx) in the city centre. The layout includes a reception with interview room, various sized offices off a central passageway plus kitchenette with staff / meeting room. Access is via stairs from Victoria Avenue and lift and stair from Watt St at the rear. For lease by negotiation.
By Negotiation
A private office suite, 227 m2 (approx) in the city centre. The layout includes a reception with interview room, various sized offices off a central passageway plus kitchenette with staff / meeting room. Access is via stairs from Victoria Avenue and lift and stair from Watt St at the rear. For lease by negotiation.
By Negotiation
Request for information files
