44 Ridgway Street, Whanganui Central, Whanganui

A charming early-1900s building which has been subject to an extensive restoration programme, blending heritage character with modern performance and compliance. Strengthened to 68% NBS, the property offers confidence for investors seeking resilience alongside long-term appeal plus the all-important opportunity to purchase a tenanted investment property. The building is leased to a well-established catering and takeaway tenant, providing a reliable income stream from a practical, efficiently configured premise suited to its use. Current net lease is $31,500. The ground floor contains a retail sales area, the efficient commercial kitchen, dedicated storage plus amenities and outside is an in-ground grease trap. The first floor comprises additional storage and office with commanding views. Section area is 129 m2 (approx), building area 171 m2 (approx), construction is brick and timber, was strengthened in 2012. With its compact footprint, proven tenant and carefully restored character, this property represents an attractive, entry-level commercial investment, or a complementary addition to an existing portfolio. For sale $460,000 plus GST (if any).

$460,000 + GST (if any)

Top block location, central Whanganui, this property is a single storey high stud 1920s construction, dual tenancy investment option. As forward thinkers, the owners have applied facade retention beams, a bonus to the new owner. There is a long term lease to the Roll Black Restaurant with final expiry 2033. The property owners operate the second business, River City Picture Framers. Floor area 220 m2 (approx) on 308 m2 (approx) section, allowing four car parks plus the in-ground grease trap at the rear.

$395,000 + GST (if any)

Standing proudly on the corner of Maria Place and St Hill Street is this majestic and iconic commercial building. This Heritage building is located opposite the main entrance to the Cooks Gardens multi-sport facility with a short walk to the Whanganui Opera House and Victoria Avenue. Two floors, with the ground housing the main kitchen and food storage and prep areas, connected via a dumb waiter to the top floor. A well-designed hospitality venue and location. Continuing the tradition of the site as a restaurant of significance, the new tenant is upgrading the complete interior. Commencement of works will be evident upon inspection and the prudent buyer will note the opportunity which exists with the long term lease, which is $24,000 plus GST plus Outgoings, expiry date 2042.

By Negotiation