Whanganui Central

ID WGC15126

Iconic landmark

The Rutland - an icon on the corner of Victoria Avenue and Ridgway Streets Whanganui, is a Category B Heritage 2 storey building, on a freehold title of 2,023 sq m (more or less). A significant slice of real estate in Whanganui`s main business centre, with car parking and service area at the rear of the L shaped complex.

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. Consider this an asset to be prized.

The tenants include the corner, old world style, modern cuts barber shop, alongside hi-tech repairs, crystal retail, beauty and health tenancies. Upstairs are legal and other office business locations. This very versatile mix of tenancies, ranging from hospitality through to retail and service businesses, makes The Rutland an attractive investment, with a net rental in excess of $210,000.

Don't miss the opportunity to invest in this Heritage Icon, with substantial returns, located in a progressive regional city.
CHATTELS  Fixed floor coverings   |   Blinds   |   Burglar Alarm   |   Heat pump(s)   |   Hot Water system and water softener. Central Heating
Features
Area | 2080.00m2Land | 2023 m2Rates | $40,100.24Regional rates | $1,079.54LV | 760.000RV | $1,620,000
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M  021 326 956  P  06 281 3709

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