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 stories 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.
Additional value comes from leased parking at the rear, supporting tenant convenience and long-term demand. Both tenants are secured with leases through to 2031, ensuring consistent cashflow for the incoming owner, at Net $156,871. 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 IM and further details.
