Set within peaceful, park-like gardens on Mt View Road overlooking the Whanganui River, Hikurangi StayPlace offers a rare large-scale accommodation asset in one of the city’s most recognisable and historically significant buildings. Occupying approximately one hectare of landscaped grounds, the property enjoys expansive lawns, mature trees and a tranquil setting, while remaining within easy walking distance of Whanganui’s city centre, river walks, galleries and cafes. The main building provides an expansive approximately 9,406 m2 of floor area and currently operates as a flexible accommodation complex comprising 49 guest rooms, including a mix of single, twin and double rooms (many with ensuites), along with shared bunk rooms ideal for group stays, contractors and sports teams. This scale positions the property well to capitalise on Whanganui’s ongoing shortage of accommodation options. Supporting facilities include a commercial kitchen, multiple dining and lounge areas, games and recreation room, commercial-sized laundry, deconsecrated chapel, on-site parking, wheelchair accessibility and a comfortable owner’s apartment allowing for on-site management. With its substantial landholding, institutional-scale improvements, and prime elevated location, Hikurangi StayPlace presents genuine scope for continued accommodation use, repositioning or future development (subject to consents). Opportunities of this scale and proximity to the city centre are seldom available, making this a compelling proposition for investors and operators seeking scale, flexibility and long-term upside to it. For more photos follow this link
https://url.au.m.mimecastprotect.com/s/11D5CjZ1EqSGOQoPtWf2Hmdtja?domain=adobe.ly
