Prime retail property in Whanganui

An exceptional retail property at 449 Victoria Ave, Whanganui, currently leased to Supercheap Auto, is available for sale with NAI Harcourts.

This modern high-profile bulk retail property offers the dual appeal of being both a secure investment in the short term and a prime location for potential owner-occupiers once the lease expires.

The property is offered via deadline private treaty closing 4pm, Thursday November 14, unless sold prior.

Rodney Jobse and Tim Turner of NAI Harcourts, who are marketing the property, emphasise this is a rare opportunity for both investors and businesses looking to secure a strategic retail site.

With Supercheap Auto, one of Australasia's leading automotive retailers, as the tenant, the property currently provides a net annual rental income of $155,500 plus GST.

"The lease has just under two years remaining and there is no right of renewal, making it an excellent proposition for owner-occupiers to plan ahead and take possession of a prime corner site once the lease expires," says Jobse.

"Equally, investors may look to negotiate a new long-term lease with SuperCheap or other businesses seeking an undeniably superb location.”

Built in 2004 and positioned on a large 1586sq m freehold site, the building offers approximately 700sq m of air-conditioned open-plan retail space with 20 on-site carparks.

For businesses looking to establish a presence in Whanganui’s bustling retail district, the property's strategic location, ample parking and easy access to SH3 make it an ideal choice.

Jobse adds, “Surrounded by national brands such as Countdown, Pak'n Save, McDonalds, Rebel Sport, Animates and Gull Petrol, the property benefits from excellent visibility and accessibility, making it an ideal location for any business looking to thrive.

"With prominent exposure and ease of access for both vehicles and customers, the property’s strategic positioning will ensure strong appeal for a wide range of retail or commercial uses.

Turner also highlights that the surrounding retail landscape is growing, with Restaurant Brands recently purchasing the adjacent site, rumoured to be the future home of Taco Bell.

This further enhances the potential for growth and appeal to both investors and businesses looking for a well-positioned, modern, and highly functional retail property in a growing regional hub.

"With recent interest rate cuts fuelling the market, demand for well-tenanted investment properties is intensifying. This property is perfectly positioned to capture that demand from both savvy local investors and out-of-town buyers looking for secure, income-generating assets.

"Additionally, owner-occupiers seeking a high-profile location with future potential will find this a rare and strategic opportunity," says Jobse.

- Supplied by NAI Harcourts