Listing #:1443165462

Secure 25 Year Lease To Farmers

Location:	85-97 Victoria Avenue & 74-96 St Hill Street, City Centre, Wanganui, Manawatu / Wanganui
Property use:	Office
Floor area:	6,680-6680m²
Land area:	7530m²
Price:	Price by negotiation

This high profile site comprises of a stand-alone two level Farmers department store with a phenomenal 25 year lease to Farmers which commenced in February 2015. Recently built in 2015, this modern Farmers premises has a combined area of approximately 5,660.5m² over ground and first floor.

In addition, the development has approximately 1,170m² of specialty retail space fronting Victoria Avenue - the prime retailing strip within the Whanganui CBD. 185m² has been leased to Cactus Creme and the remaining area provides the vendor flexibility to lease the vacancy in a variety of configurations.

This site occupies approximately 7,530m² of Whanganui CBD land with triple street frontages. This prime retail location on Victoria Avenue is situated on the Maria Place intersection - providing easy access to other major retailers.
Features:
* $1,123,544 pa current passing net income
* $1,457,798 pa fully leased pot. income
* 25 yr lease to Farmers exp. 2040
* 7,530m² total site area
* 6,680m² total building area
* 71 car parks

Agency reference #: 138571

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