An exceptional opportunity to acquire a substantial long-term leased accommodation investment positioned on a significant riverside landholding in Whanganui.
The property provides current net income of approximately $180,583 p.a. plus GST, with around 25 years remaining on the existing lease and rent reviews every two (2) years. Comprising 4,874sqm (more or less) of land and established accommodation improvements, the offering combines secure long-term income with underlying land scale and strategic appeal. The premise has a 50% New Building Standard (NBS) seismic rating, achieving Grade C.
The motel and restaurant business is excluded from the sale. This presents a straightforward investment proposition for private investors, family businesses, accommodation landlords and regional investors seeking dependable income and long-term exposure to an established Whanganui asset.
For Sale by Tender (will not be sold prior), closing 2pm, Thur 29 Oct 2026, 158 Wicksteed Street, Whanganui.
