New retail in Whanganui - built 2015

85-97, Victoria Avenue, Wanganui

Price On Application

Proposed Usage
Retail
Floor Area
6680.00 m²
Land Area
7530.00 m²
Description:
Property ID
1br2mt1

* 25-year lease term to Farmers expiring 2040
* Land 7,530sqm
* Farmers 5,500sqm rental returning $1,103,798pa
* Retail shops 1,180sqm with a vendor's rental guarantee of $383,500pa
* Total income $1,487,298pa
* 71 carparks
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The property comprises of a stand-alone two level Farmers department store with a 25 year lease. The premises have a combined area of approximately 5,500sqm over the ground and first floor.
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The site occupies approximately 7,530sqm of CBD land with triple street frontages. The prime retail frontage to Victoria Avenue has been developed to a high standard with new speciality retail. The speciality retail includes 1,180sqm and has a 18 month rental guarantee.
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This area provides flexibility to lease the stores based on a variety of configurations and sizes.

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Wanganui Area