New retail in Whanganui - built 2015
85-97, Victoria Avenue, Wanganui
Price On Application
- Proposed Usage
- Floor Area
- 6680.00 m²
- Land Area
- 7530.00 m²
- Property ID
* 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
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.
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.
This area provides flexibility to lease the stores based on a variety of configurations and sizes.