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Whanganui Central 44 Ridgway Street, Whanganui Central

ID WGC217334
$460,000 + GST (if any)

Character investment 

A charming early-1900s building which has been subject to an extensive restoration programme, blending heritage character with modern performance and compliance. Strengthened to 68% NBS, the property offers confidence for investors seeking resilience alongside long-term appeal plus the all-important opportunity to purchase a tenanted investment property. The building is leased to a well-established catering and takeaway tenant, providing a reliable income stream from a practical, efficiently configured premise suited to its use. Current net lease is $25,000.

The ground floor contains a retail sales area, the efficient commercial kitchen, dedicated storage plus amenities and outside is an in-ground grease trap. The first floor comprises additional storage and office with commanding views. Section area is 129 m2 (approx), building area 171 m2 (approx), construction is brick and timber, was strengthened and re-roofed in 2012. With its compact footprint, proven tenant and carefully restored character, this property represents an attractive, entry-level commercial investment, or a complementary addition to an existing portfolio. For sale $460,000 plus GST (if any).
Features
Area | 171.00m2Land | 129 m2Rates | $6,226.99Regional rates | $469.31LV | $135,000RV | $530,000
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Richard White

M  027 442 6171  P  

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