Iconic Whanganui CBD investment opportunity
For Sale by way of Tender, closing, 2pm, Wed 28 Oct 2026 (will not be sold prior) Bayleys, 158 Wicksteed Street, Whanganui.
A landmark Whanganui property with scale, character and genuine future potential. Known as the former Ministry of Works Building, presents a rare opportunity to secure a substantial CBD asset with a distinctive Brutalist architectural design and an established commercial profile.
Set across 2,030sqm (more or less) of land with approximately 3,404sqm of lettable floor area, the property offers considerable scale, existing income and flexibility for a range of future uses. Its striking exposed structural design and recognisable profile give the building a strong identity, while its central location provides excellent access to Whanganui's wider commercial and civic precinct.
With a history as a prominent government building, current commercial occupation and consideration for residential/hotel conversion, the property offers an intriguing combination of investment, repositioning and development potential. A substantial and highly recognisable Whanganui asset, 133 Wicksteed Street is an opportunity for investors and developers looking for scale, character and long-term potential in the heart of the city.
A landmark Whanganui property with scale, character and genuine future potential. Known as the former Ministry of Works Building, presents a rare opportunity to secure a substantial CBD asset with a distinctive Brutalist architectural design and an established commercial profile.
Set across 2,030sqm (more or less) of land with approximately 3,404sqm of lettable floor area, the property offers considerable scale, existing income and flexibility for a range of future uses. Its striking exposed structural design and recognisable profile give the building a strong identity, while its central location provides excellent access to Whanganui's wider commercial and civic precinct.
With a history as a prominent government building, current commercial occupation and consideration for residential/hotel conversion, the property offers an intriguing combination of investment, repositioning and development potential. A substantial and highly recognisable Whanganui asset, 133 Wicksteed Street is an opportunity for investors and developers looking for scale, character and long-term potential in the heart of the city.
Key features
Seismic (NBS rating)
A significant point of difference, the building is reported at 100%+ NBS, providing occupiers and investors with confidence in the building’s structural performance
Floor area details
Approximately 4,440sqm across seven levels, offering a substantial, flexible commercial footprint. Built in 1980's for the Ministry of Works, with five levels of office space
Location
The city centre, while basement parking and surrounding car parking provide valuable amenity for occupiers, staff and visitors
Available
Reposition or adapt the existing space to meet changing market needs, with potential for alternative uses including upper-floor residential apartments, subject to council approvals
Need help with finance?
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