87-97 Victoria Avenue, Whanganui, Whanganui

First class, quality retail investment

•Beautiful new building (100% NBS)
•Strong tenant covenant - Specsavers, Flight Centre, Spark and Cactus Creme' Cafe
•Prime Main City Location
•Returning a net rental of $315,806.56 + GST effective from the date of settlement
•Huge traffic counts with excellent parking
•Committed vendor

A superbly located, new building with excellent frontage and exposure. Wonderfully located in Whanganui's premier retail strip. Supported by high foot and traffic counts. Impressive neighbouring tenancies housing national and local retailers. The property enjoys tenant diversification and good lease covenants with contracted annual rental growth. Space to further diversify and add to the net income. Construction was completed in 2015 to 100% NBS.

The strong WALT of 5.22 years, freehold tenure, location and rental growth provide an opportunity to secure a serious retail investment.

Our UK vendor is truly on the market and wishes to sell.