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Listing #:1916193802

Absolute prime site

Location: 321 Victoria Avenue, City Centre, Wanganui, Manawatu / Wanganui
Property use: Hotel/Leis­ure
Floor area: 1,780m2
Land area: 4174m2
Price: To be sold by deadline sale (by 27 Feb)
Property ID#: GCR202
An exceptional, elevated property in central Whanganui presently trading as a 31-unit motor inn and bar but with multiple options as the motor inn lease has expired. With cashflow from 18 poker machines in the bar plus accommodation an investor could continue to operate as is. Or convert to longer term social housing rentals. Or redevelop the entire 4174m2 site. "Central' is no exaggeration. Within two minutes walk of this site are New World, Countdown, Pak n Save, Bottle O, Pizza Hut, Gull and Super Cheap Auto. Across the road are McDonalds & Burger King.

» Presently Mid Town motor inn - lease expired
» Site: 4174m²
» Buildings: 1780m²
» R.V. $2million
» Redevelop or reconfigure with 18-pokie cashflow
» 31 units & bar. Social housing? Build new?

Offers close: 12pm - Wednesday, February 27th 2019 (unless sold prior)
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Deadline sale
Listed: Fri 18 Jan, 11:59 am
Chris Gollins
Gollins Commercial Ltd, (Licensed: REAA 2008)
  • Contact details
  •  (021) 422227


Agent's details

Chris Gollins
  •  (021) 422227
Gollins Commercial Ltd, (Licensed: REAA 2008)
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Expires: Fri 15 Mar, 11:59 am
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