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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.
* $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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Price by negotiation
Listed: Mon 16 Oct, 1:28 pm
Blair Peterken
Colliers International, (Licensed: REAA 2008)
  • Contact details
  •  (09) 3578615
  •  (021) 421426


Agent's details

Blair Peterken
  •  (09) 3578615
  •  (021) 421426
Gareth Fraser
  •  (09) 3597928
  •  (021) 2426779
Colliers International, (Licensed: REAA 2008)
(09) 3581888
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Expires: Thu 4 Apr, 4:17 pm
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