Property Description

The agreement of two unrelated vendors has allowed us to offer for sale this phenomenal site of 1.7753ha in the heart of Whanganui.

No. 34 (9,000m²) is leased to Downer NZ on a new three-year lease (plus 1-yr R.o.R) at $212,000.00p.a. fully net. The buildings (2,383m²), originally constructed for the MOWD are in much better than average condition having been well maintained by the present owner.
No. 39 (8,753m²) with unimpeded river frontage of 182m is offered with vacant possession. The properties are being tendered individually and need not be purchased together.

Under a recent Plan Change, the underlying zoning of both properties is now Residential General. This change will be operative by late September. The ‘as of right’ height limit is 10m, but greater with Res.Consent. No. 39 however has an Existing Use certificate which permits not only Downer’s activity but also future use for industrial activity (if required) that is of similar character, scale and intensity.

There is no history of any flooding here in recent decades. During the severe flooding in 2015, the river was still 2.5m below the top of the riverbank at this wide part of the river. The very popular Mountains to Sea cycle path here links directly to the city centre and most Whanganui destinations including Supermarkets.
Whanganui hospital is 300m northwest and the city centre 2kms north.

Tender closes – 12:00pm Thursday 18th August 2022

Due Diligence Information

Enter the Dataroom

Exceptional Whanganui residential / retirement

34 & 39 Bedford Avenue, Gonville, Whanganui

2,383 m²
Basic Details
Listing ID : 1615
Listing Type : For Sale
Land Area : 17,753 m²
Floor Area : 2,383 m²
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