Whanganui 1 Wilson Street, Whanganui

ID BC172077
By Negotiation

Premium national tenant - extended long lease

1 Wilson Street Whanganui.
Bottom drawer investment! Corner building on a busy main road, opposite The Warehouse and BP station Situated in the heart of the Whanganui retail-trade business area, close proximity to Retail CBD. BNT has been a long term tenant, on this site for many years, and has a long-term view in this position.
BNT is part of Bapcor NZ which is 100% owned by Bapcor Ltd listed on ASX with market cap > AUS $2.3b.
• Whanganui is one of their flagship branches in Nth Island
• Long-standing business with very stable clientele
• Is the central hub for the region (Lower Hutt, Wellington, Levin, Taranaki, Palmerston North)
• 1,000 m2 Land (Approx)
• 614 m2 of Building (Approx)
• 85% NBS
• Current rental $95,000 Nett
• 2 yearly CPI-adjusted rent reviews
• Next renewal: 2 June 2029
Area | 614.00m2Land | 1000 m2Rates | $8,876.62paLV | $530,000RV | $1,420,000

Bernard Linsley

M  022 183 2469  P  

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