Commercial property for sale

Listing ID: 42781470

Development Site - Ready for Action

59 Pereita Drive is a freehold industrial development site in Tawhiri Business Park, Rolleston. The underlying ground conditions are excellent for construction and the site benefits from a wide street frontage of 91m. 

This is prime development land close to the inland port and the Southern Motorway connecting to Christchurch CBD in 15 minutes.

Come and join the long list of businesses taking advantage of the low Selwyn Council rates and the exponentially increasing labour force population. The vendor is prepared to accommodate 2026 settlement dates if required by purchasers.

Call the joint sole agent to request further information

For sale by negotiation. 
 

*Boundary lines are indicative only.

Features:

• Freehold title
• Land Area 10,005sqm
• Excellent Geotech Conditions
• Low Selwyn Council Rates
• No build ties

More information: https://www.colliers.co.nz/p-NZL67033872

Listing ID: 42789051

Freehold Industrial Super Site

41 Pereita Drive represents the last remaining super site in Tawhiri Business Park. This is a freehold industrial site with excellent ground conditions for construction. This site has significant road frontage of 119m which, allows for several access points to the site to optimise development designs.

Come and join the long list of businesses taking advantage of the low Selwyn Council rates, the exponentially increasing labour force population and the ease of access to the Southern Motorway connecting to Christchurch CBD in 15 minutes.

The vendor is prepared to accommodate 2026 settlement dates if required by purchasers.

Call the joint sole agent to request further information

For sale by negotiation. 
 

*Boundary lines are indicative only.

Features:

• Freehold title
• Land Area 22,821sqm
• Excellent Geotech Conditions
• Low Selwyn Council Rates
• No build ties

More information: https://www.colliers.co.nz/p-NZL67033868

Listing ID: 43027439

Secure Income, Smart Diversification.

Diversify risk with this well-positioned mixed-use investment in the heart of Whangarei. 

15 James Street presents a rare opportunity to acquire a high‑quality commercial investment complemented by a beautifully appointed residential apartment above. 

The entire property underwent a high‑spec refurbishment in 2024, delivering a compelling combination of strong income, proven tenancy, and modern presentation.

The ground floor is purpose‑designed for AV Beauty & Spa, a well‑established local operator with over 15 years in business and an excellent reputation within the Whangārei beauty market. 

The salon showcases refined detailing, including a stylish reception area, timber panelling, and a well‑considered layout. Glass‑fronted with integrated automatic doors, the premises offer a clean, professional street presence. Internally, the salon features centrally positioned manicure and pedicure stations, curtained treatment rooms to the rear, and an efficient, client‑focused fit‑out.

Above, the refurbishment has transformed the upper level into a contemporary inner‑city three‑bedroom apartment. The residence includes a master bedroom with ensuite, open‑plan kitchen and living area, and seamless flow to a private patio deck, providing an attractive residential component that enhances the property’s overall appeal.

The property comprises a total lettable area of 447 sqm, being approximately 328 sqm of ground‑floor commercial retail and 119 sqm of residential accommodation. It generates a strong gross income of $132,120 per annum, with approximately 67% of outgoings recovered through the commercial lease.

The commercial premises are leased to AV Beauty & Spa under a secure six‑year lease with five rights of renewal of three years each. The lease incorporates both market and CPI rent reviews, offering solid income security and long‑term growth potential.

Centrally located with street parking at the front and public parking directly opposite, 15 James Street represents a high‑quality, diversified investment in a proven inner‑city location.

Being sold by Deadline Date Sale closing 2:00pm, Thursday 14 May.  Contact Megan (027 346 4194) today to book a viewing and register your interest.

Features:

• Returning $132,120 gross per annum
• Substantial high quality refurb in 2024
• New 6 year lease commencing 1 June 2026
• Established, well regarded tenant
• Good rental growth provisions
• Mixed use Building
• CBD location
• Split risk

More information: https://www.colliers.co.nz/p-NZL67039433

Listing ID: 43027962

Secure income. Proven location. Future upside.

Colliers is privileged to present to the market 85 Hereford Street, Christchurch – a rare opportunity to secure a strategically positioned hospitality investment within the heart of the CBD.

Opportunities of this calibre and positioning are increasingly scarce. Situated within the revitalised central city, the property is underpinned by a net lease in place to an established tenant covenant, providing investors with a high degree of income security. The lease offers a new 10-year term commencing 1 August 2024, with approximately 8 years and 3.5 months remaining on the initial term, materially reducing ongoing management risk.

Further enhancing the offering is the significant underlying landholding and favourable zoning, providing flexibility and long-term optionality for future repositioning or redevelopment.

Christchurch’s CBD has undergone a transformational rebuild following the earthquakes, emerging as a modern, resilient, and highly desirable commercial environment. With billions of dollars invested into infrastructure, anchor projects, and public realm upgrades, the city centre is now firmly positioned for sustained growth.

The property returns a net income of $510,000 per annum, presenting a compelling opportunity for investors seeking a secure income stream underpinned by strong fundamentals and future upside.

We encourage your early consideration of this outstanding opportunity.

For sale by Auction: 10am, Thursday 14 May 2026 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.

*Boundary lines are indicative only.

Features:

• Prime CBD location
• Land area – 901sq m
• Hereford Street frontage 17.85m
• Fee simple title
• Future development potential
• Favourable landlord lease in place
• Net income - $510,000 + GST + OPEX
• Lease term – 10 years with 8 years and 3.5 months remaining
• Established Hospitality tenant Rockpool & Micky Fins
• 3 x 3 bedroom apartments on top floor

More information: https://www.colliers.co.nz/p-NZL67039754

Listing ID: 43028090

Safe and Secure Industrial Investment

This is a standout, freehold industrial investment opportunity underpinned by great lease terms, including additional rights of renewal and built in rental growth linked to CPI.

This investment is located in Izone Business Park and is positioned on a prominent corner site. The building is a conventional and modern asset comprising clear span warehouse, quality office space and secure asphalt yard.

The building was purpose built in 2015 for the current occupying business, who are owned by an Australian company, listed on the Australian stock exchange. The property sits at only 32% site coverage which, enables future development scope to increase rental return and overall asset value.

Astute investors will appreciate the great opportunity to acquire a safe and secure, high quality modern industrial investment that’s located in one of the fastest growing industrial locations in New Zealand.

Call the sole agent to request the property information.

For sale by Auction: 10am, Thursday 14 May 2026 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.

*Boundary lines are indicative only.

Features:

• Returning $161,866 + Opex + GST
• Land Area 3,361sqm
• Annual CPI rental growth
• Tenant covenant - large Australian listed company
• Development potential with 32% site coverage
• Additional rights of renewal

More information: https://www.colliers.co.nz/p-NZL67039223

Listing ID: 43028161

Two Titles - Versatile Industrial

• Freehold corner property on arterial route
• Two titles totaling 2,444sqm (more or less)
• Available for sale together or separately
• Suit developer or owner occupier with an add value vision
• Strategically located close to local amenities, Hamilton CBD and Hamilton's major arterial routes
• Industrial zone and fully fenced
• Two accessways into the property
• Vacant possession

NAI Harcourts presents this freehold industrial property which has scale, flexibility, 2 titles and dual access. Offering a large corner site, this property is ideal for a variety of industrial uses, including yard sales. Its size and strategic location also makes it suitable for businesses in logistics, construction, storage or other industrial development. Purchasers may choose to acquire to occupy, develop, reposition or hold for future strategic use. For buyers seeking a well-located industrial site with potential for upside, this property warrants inspection. Contact the Agents today for more information.

To be sold by Deadline Sale closing 4pm, Thursday 21st May 2026 (unless sold prior)

Listing ID: 43028291

Heritage Icon

Positioned in the beating heart of Christchurch’s innovation precinct, 139 High Street presents a rare and compelling opportunity for owner-occupiers to secure a piece of the city’s architectural story without compromising on modern performance.

Originally constructed in 1905 as part of the iconic Duncan’s Buildings, this standalone character property is one of the few remaining examples to retain its original exposed brickwork in full. The result is a workspace that effortlessly blends heritage charm with contemporary edge, an increasingly sought-after combination for businesses looking to stand out.

Following the Christchurch earthquake events, the current owners have undertaken a meticulous restoration and strengthening programme, preserving the building’s integrity while future-proofing its functionality. Their work has transformed this family-held asset into a turnkey opportunity allowing incoming owner-occupiers to immediately capitalise on both the aesthetic appeal and structural reassurance.

Internally, the building is split across two tenancies, offering flexibility for owner-occupiers to utilise the entire premises or occupy one space while generating supplementary income from the other. The ground floor tenancy is particularly striking, equally suited to high-end office or boutique retail use, with expansive street frontage and prominent signage rights delivering strong brand visibility along vibrant High Street.

Natural light floods the interior, enhanced by impressive stud heights that create a sense of openness and creativity. Every detail has been considered, with LED lighting, fibre connectivity, modern power infrastructure, heat pumps, and a comprehensive alarm system ensuring the space meets the expectations of today’s businesses.

Practicality is equally well catered for. Dual access from High Street and St Asaph Street provides ease of movement, while secure bike storage, private bathroom facilities, and a shower support the needs of a modern, mobile workforce.

Importantly, the property’s favourable zoning supports a range of mixed-use outcomes, opening the door for future residential conversion or integration alongside office and retail uses, subject to the necessary consents.

Surrounded by a thriving mix of hospitality, retail, and creative enterprises, the location offers an energising environment for both staff and clients. Excellent nearby amenities and convenient public transport links further enhance day-to-day accessibility and appeal.

For owner-occupiers seeking more than just premises, those wanting identity, presence, and long-term value, 139 High Street represents a truly distinctive offering.

Opportunities to secure a fully restored heritage asset of this calibre, in such a tightly held and dynamic precinct, are exceptionally scarce.

For sale by Auction: 10am, Thursday 14 May 2026 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.

*Boundary lines are indicative only.

Features:

• Net Lettable area 340 sqm
• Zoned Central City Mixed Use (CCMU)
• Abundance of nearby car parking options
• Superb surrounding amenity
• Land area 241 sq m freehold title
• Desirable Innovation Precinct location
• Heritage protected building
• Exciting owner occupier opportunity for residential and/or commercial uses

More information: https://www.colliers.co.nz/p-NZL67039487

Listing ID: 43028628

Azur Lodge - a rare freehold going concern

A luxury lodge overlooking Lake Whakatipu in Queenstown is being offered to the market for sale, giving buyers the opportunity to acquire a premium accommodation asset with future upside.

Operating successfully since 2004, it is an established and highly regarded retreat. Just five minutes from Queenstown centre, it's a hidden gem away from the hustle and bustle.

The lodge (23 MacKinnon Terrace) comprises nine private luxury villas and a large reception lodge with kitchen, dining and multiple living areas. It is idyllically positioned on an exclusive hilltop across 13,913 square metres of freehold land, capturing spectacular panoramic views of The Remarkables, Lake Whakatipu, and Walter and Cecil Peaks. 21 MacKinnon Terrace is a vacant section of 1377 square metres adjacent to the lodge offering the flexibility for the lodge's future development.

Each villa was thoughtfully designed by award-winning architect John Blair & Co. They showcase high-end craftsmanship and timeless alpine elegance. Lodge expansion and extension design done by Warren and Mahoney also received resource consent in December 2019. Two extra two bedroom villas and a gate lodge was proposed and approved.

Each guest villa is approximately 80 square metres in size internally with private outdoor deck, designed with sophistication and comfort in mind. All villas are equipped with a heat pump, gas fire and under-tile heating to ensure the guests have a warm and comfortable stay. The bathrooms rival those of the world's finest hotels, completing the premium guest experience with sweeping 180-degree alpine views.

Azur has received numerous hospitality industry accolades and last year it was awarded One Michelin Key alongside fellow Queenstown accommodation offerings Rosewood Matakauri Lodge, Eichardt's Private Hotel, and Gibbston Valley Lodge and Spa.

This is a rare opportunity to buy a reputable property with a successful and profitable business in the tourism mecca of New Zealand.

For sale by deadline private treaty closing 4:00pm Tuesday 12 May 2026 (unless sold prior).

International enquiries welcome.

View Information Memorandum here: https://isu.pub/yNDLCBE

View Video here: https://youtu.be/cBShO7GqHk8

Listing ID: 43028753

PRIME POSITION, EXCEPTIONAL VALUE

Auction: 33 Kerikeri Road, Kerikeri on Tuesday 19 May 2026 at 1:00PM (unless sold prior)

Positioned in the heart of Kerikeri’s tightly held industrial precinct, this well-located property on sought-after Mill Lane presents a compelling opportunity for both Owner Occupiers and Investors. Mill Lane has evolved beyond a traditional automotive hub into a thriving destination retail and trade location. It is home to a strong mix of established surrounding businesses, including Bridgestone Tyres, Northland Petfood, JA Russell, Kerikeri Tyre Zone, Max Coffee Roasters and Bay Aluminium.

Mill Lane offers excellent connectivity to the Kerikeri CBD and State Highway 10, ensuring seamless access for logistics, distribution, and day-to-day operations. Opportunities to secure property on Mill Lane are rare, and the out-of-town vendors have made their instructions clear – this property must be sold. 

The building comprises 212m² (approx.) of total floor area, including workshop, office, amenities and mezzanine space. Constructed with functionality in mind, the property features a concrete yard at the front and a small rear yard. Offered with vacant possession, this is an ideal opportunity to establish, expand, or invest in a proven and highly desirable location. 

KEY FEATURES:
•    Land area: 319m² (approx.)
•    Total floor area: 212m² (approx.) 
•    Concrete front yard plus small rear yard
•    Zoned Industrial
•    Excellent road frontage with high exposure on Mill Lane
•    Surrounded by established businesses

For Sale By Auction (unless sold prior) + GST (if any)
19 May 2026 at 1pm, 33 Kerikeri Road, Kerikeri – Barfoot & Thompson Branch

For more information or to view, contact us now!

Listing ID: 43028974

Industrial Investment with Upside

Positioned in the heart of Onekawa, this well-located industrial property at 104 Niven Street presents a compelling opportunity for owner occupiers, investors and value-add buyers alike.

Currently tenanted by NTD Plastics, the property returns $50,635 per annum + OPEX + GST, with just under two years remaining on the lease. Importantly, there is potential flexibility, with the tenant potentially open to vacating - creating an opportunity for owner-occupiers or investors to reposition and enhance the asset. An example is turning the 420sqm warehouse into three separate tenancies.

Adding to the income stream, Transport and Marine occupy part of the yard along with a container shed, contributing a further $5,200 per annum + OPEX + GST.

Key Highlights:

• Established industrial location in sought-after Onekawa
• Dual income streams with holding income in place
• Returning approximately $55,835 pa + OPEX + GST
• Potential to increase rental
• Opportunity for owner-occupiers to secure future premises
• Value-add potential

This is a smart acquisition for buyers seeking a mix of immediate income and future upside in one of Napier's key industrial precincts.

For further details please contact the listing agent Shannon Caldwell today.

• boundary line in photos indicative only

Deadline Sale closes 4.00pm Tuesday 5 May 2026, Harcourts, 308 Hastings Street, Napier (unless sold prior)

Listing ID: 43032356

Dual Income - Fully Leased - High Exposure

Investment Summary: An increasingly rare opportunity to secure a dual-income industrial unit and adjoining residential apartment. Fully leased and returning a combined net income of $40,020 per annum, this property offers both diversification and stability for investors.

The Property: The building comprises a high-stud height workshop with its own amenities, dual roller doors for drive-through and parking, complemented by a well-presented, self-contained two-bedroom apartment complete with a lock-up garage. Construction is solid tilt-slab concrete exterior which has just been repainted, presenting in excellent condition, and the property boasts an A-Grade 95% NBS seismic rating.
Configuration & Appeal: Properties offering a combination of industrial workspace and residential accommodation are seldom available and consistently in strong demand. This dual-income setup enhances tenant retention and provides an added layer of investment security.
Location: Positioned directly opposite the popular Home Zone Shopping Centre, the property benefits from proximity to major national retailers including Harvey Norman, Noel Leeming, and Warehouse Stationery. With direct exposure to State Highway 2, there is excellent potential for high-profile signage and business visibility. The site also offers convenient drive-around access.
Zoning: Zoned Commercial Business, allowing for a wide range of uses including retail, office, and light industrial- supporting long-term flexibility and future tenant appeal.
Investment Opportunity: Whether you are looking to strengthen your portfolio or secure an entry-level commercial investment with diversified income, this property ticks all the boxes.

(To be Sold by Tender if not sold prior)

Register your interest with Tony Doms today.

Listing ID: 43033123

Ready, Set, Go! Occupy or Develop

• Rare 2,832sqm (more or less) freehold land ready for developing
• Design and build to your specification
• Central location, easy access to State Highway 1
• Profile to Greenwood Street
• Fenced and secure site

Situated on Glennis Place, your new premises will have easy access to main arterial routes to Hamilton's and Frankton's business districts. Near neighbours include River City Signs, Aramex Waikato, Condair Air Conditioning to name a few.

An opportunity to secure a hard stand yard in one of Frankton's popular trades supply and services locations, being close to Hamilton's CBD. Call today to discuss your requirements.

Listing ID: 43033196

Mortgagee Auction

• Substantial 2,411sqm freehold landholding
• Residential – Terrace Housing and Apartment Buildings zoning
• Approved resource consent for 45 apartments
• Established Birkenhead location with strong residential fundamentals

6 Huka Road presents a rare opportunity to secure a substantial 2,411sqm freehold landholding in one of the North Shore’s most established residential catchments.

Zoned Residential – Terrace Housing and Apartment Buildings, the property is underpinned by an approved resource consent for a 45-unit apartment development, providing purchasers with a significant head start and valuable planning optionality from day one. While the consented scheme may not be delivered in its current form, the existing technical work and planning pathway will materially assist due diligence for a range of potential development outcomes.

Positioned in central Birkenhead, the site benefits from proximity to Birkenhead Village, Highbury Shopping Centre, local schools, public transport and key arterial connections via Onewa Road. With scale, zoning and consented development potential, the property will appeal to developers, land bankers and add-value purchasers seeking a strategic North Shore acquisition.

Listing ID: 43033247

NEW LYNN STANDALONE FREEHOLD - ITS NO.1!

Deadline sale: Closes on Thursday 14 May 2026 at 4:00PM (unless sold prior)

Offering approximately 730m² of building situated on a 1,042m² site, this property has three car parks to the front, with more available to the side.

In proximity to LynnMall and New Lynn train tation, the property enjoys easy access to main arterial roads.

A mixture of retail space and warehousing, the building is constructed of concrete block with steel trusses, the floors being a mixture of concrete and wood.

Suitable for an owner/occupier or investor, this is a rare opportunity to secure a sizeable Freehold site in central New Lynn.

Enquire with the Sole Agent today.

Listing ID: 43033358

High Profile Corner - Premier Investment

• Impressive 1.7803ha (more or less) freehold landholding
• Currently returning $782,000pa plus GST & Outgoings
• Rentable area of 1,761sqm (approx.) comprising open plan vehicle showroom and a mix of office and workshop areas
• Low maintenance modern buildings
• Dual access site
• Profile to State Highway 1C and Wairere Drive with over 24,000 cars passing this site daily
• Look at the opportunity to upsize this investment with further development

Proven high-profile location with a birds eye view from State Highway 1C. Conveniently located with immediate proximity to SH1 giving ultimate exposure. Located at the intersection of Arthur Porter Drive and Wairere Drive within the Te Rapa Gateway Industrial Park. Near neighbours include The Toolshed, Z Service Station and Little Lakes Live and Work development.

To be sold by Deadline Sale closing 4pm, Thursday 21st May 2026

Listing ID: 43033547

Modern commercial investment - Queenstown

• Prime location within close proximity to the Queenstown CBD
• Leased to an established tenant returning $55,000 net p.a. + GST
• Modern and functional commercial unit that was constructed in 2020
• Affordable price bracket ensures an ideal opportunity for investors

Positioned in a strategic location within walking distance of the Queenstown CBD, this extremely tidy commercial unit is a desirable opportunity for investors looking to enter the Queenstown market. The property comprises approximately 81sqm (more or less) of predominantly open-plan space with associated amenities. Currently leased as office, the versatile nature of the property allows for a variety of future uses that could include retail or showroom use. Given Queenstown’s strong tenant demand and desirable tourism market, this is an affordable investment opportunity that provides huge scope for the future; all investors should consider.

36/135 Hallenstein Street is For Sale via Deadline Private Treaty (unless sold prior), closing at 4pm, Wednesday the 20th May, 2026.

For further information, please contact :

William Gubb
+64 21 145 6811
william.gubb@bayleys.co.nz

Henry Napier
+64 21 024 64785
henry.napier@bayleys.co.nz

John Archibald
+64 27 432 8116
john.archibald@bayleys.co.nz

Listing ID: 43033606

The Perfect Base For Your Business

• Warehouse size of 123sqm with a toilet and kitchenette
• Entire development is a complex of 17 industrial units
• Two on-site car parks
• High stud warehouse with a 3.6m wide roller door
• Drive around site from two road accesses
• Available now

This 123sqm high-stud warehouse offers a functional, well-designed layout complete with a toilet and kitchenette. Located within a modern complex of 17 industrial units, the property includes two on-site car parks. The site features dual road access, allowing easy drive-around capability for efficient vehicle movement. Superbly situated with access off State Highway 1. Strategic positioning provides easy access to Hamilton's CBD and northern suburbs as well as to Hamilton Airport, Cambridge and Te Awamutu. Nearby neighbours include Acorn ITM, LIC, Riverlea Panel and Paint, Safeguard Self Storage and PFS to name a few.

The Sheds, Riverlea is becoming the best kept industrial secret in Hamilton. Contact us today to arrange your private inspection.

Listing ID: 43033651

Space To Work, Room To Grow - 116sqm

• Warehouse size of 116sqm with a toilet and kitchenette
• Entire development is a complex of 17 industrial units
• Two on-site car parks
• High stud warehouse with a 3.6m roller door
• Drive around site from two road accesses
• Available now

This 116sqm high-stud warehouse offers a functional, well-designed layout complete with a toilet and kitchenette. Located within a modern complex of 17 industrial units, the property includes two on-site car parks. The site features dual road access, allowing easy drive-around capability for efficient vehicle movement. Superbly situated with access off State Highway 1. Strategic positioning provides easy access to Hamilton's CBD and northern suburbs as well as to Hamilton Airport, Cambridge and Te Awamutu. Nearby neighbours include Acorn ITM, LIC, Riverlea Panel and Paint, Safeguard Self Storage and PFS to name a few.

The Sheds, Riverlea is becoming the best kept industrial secret in Hamilton. Contact us today to arrange your private inspection.

Listing ID: 43033831

Sale and Leaseback in Twizel

1 Batcher Road is a sale and leaseback industrial investment in the Mackenzie District’s largest and fastest-growing town. The property sits on a 2,844 square metre freehold site, zoned Large Format Retail, and benefits from dual road access, which significantly enhances operational efficiency and future flexibility.

The property provides approximately 416 square metres of well-configured building area with a 320qsm foot print approximately, comprising offices, amenities, workshop space and mezzanine. The balance of the site includes a generous yard with around 460 square metres of concrete hardstand, including two concrete aprons, supporting efficient vehicle movement, loading and storage.

A key feature is the roller door access at each end of the building. There are two roller doors, with one door approximately 2.9 metres high and the other approximately 3.9 metres high, allowing potential drive-through access. Combined with dual road access, this enables excellent circulation, easy entry and exit for vehicles, and suitability for a wide range of industrial and trade-based occupiers.

The current owner, a multi-national tenant, will lease back the property and is proposing an annual rent of $60,000 plus GST (Gross), offering immediate income from settlement.

Located close to Twizel’s town centre, this property offers both secure holding income and genuine long-term upside, in a tightly held regional market with continued growth and demand.
The property is being offered by Deadline Sale closing 2pm, Wednesday 20 May 2026, unless sold prior.

•Land area: 2,844sqm freehold (more or less)
•Zoning: Large Format Retail
•Dual road access – ideal for logistics, circulation and future flexibility
Building area: approx. 416sqm
•Offices / amenities: approx. 70sqm
•High & low stud workshop: approx. 256sqm
•Mezzanine: approx. 90sqm
Roller door access:
•Two roller doors at opposite ends of the building
•Approx. 2.9m high and approx. 3.9m high
•Enables drive-through access and efficient loading

Concrete hardstand: approx. 160sqm comprised of concrete apron 1: approx. 32sqm, concrete apron 2: approx. 120sqm
•Yard area: approx. 2,066sqm
•Leaseback: Owner to lease back on settlement
•Proposed rental: $60,000 + GST (gross)
•Tenant: Multi-national operator

Listing ID: 43033834

The Rutland

An icon on the corner of Victoria Avenue and Ridgway Streets, Whanganui, a Category B Heritage, 2 storey building on a freehold title of 2,023 m2 (more or less). A significant slice of real estate in Whanganui's main business centre. Long renowned for its hospitality business, the Rutland Arms Inn on Ridgway Street offers accommodation in the grand style of yesteryear, accompanied by a substantial, acclaimed restaurant, bar and relaxing social areas. Definitely impressive!

Combine the Rutland Arms Inn with the equally significant Victoria Avenue frontage, tenanted by a range of businesses and offices, the allure of the location is obvious. With a rental of $250,717 plus GST, Net, consider this an asset to be prized. The tenants include the corner, old world style, modern cuts barber shop, office, retail and travel, beauty and health businesses. The upper floor includes mixed office tenancies. This very versatile mix of tenancies, ranging from hospitality through to retail and service businesses, make The Rutland an attractive investment.