Tender closing 2pm, Thur 5 Dec 2024 (will not be sold prior), Bayleys, 158 Wicksteed Street, Whanganui.
This is your chance to transform and elevate one of Whanganui’s most prestigious commercial sites, located in the heart of St Johns Hill, the city’s premier residential suburb. On offer are four freehold titles, strategically positioned on the prominent corner of Great North Road (State Highway 3), providing exceptional visibility and accessibility.
The commercial site is home to long-standing, well-loved tenants, including a popular pharmacy, a thriving Four Square, and a busy bakery; essential services to the community. While three tenants have temporarily closed their doors in the Shopping Centre due to a recent fire, some are willing to return to a newly developed space, and once some repair works have been set in motion and completed, this offers
an excellent foundation for the future growth of this shopping centre.
Additionally, the property includes a substantial residential landholding at the rear, featuring a large villa split into three tenanted flats, an added bonus for investors seeking diverse income streams.
Opportunities like this are rare. With room to expand, modernise, and reshape this key commercial hub, now is the time to capitalise on this exceptional offering.
Site breakdown:
13 Great North Road - land area: 1,012sqm, floor area: 420sqm, zoning: Commercial 8C
15 Great North Road - land area: 936sqm, floor area: 253sqm, zoning: Commercial 8C
3 St Leonard Street - land area: 1,034sqm, floor area: 250sqm, zoning: Residential 9A
NB: all land and floor areas are more or less
Speak to our team today to explore this unique development prospect.
To view more information on 3 St Leonard Street please visit www.bayleys.co.nz/3003036
