Whanganui City
157-161 Victoria Avenue, Whanganui City, Whanganui
+12
Premium CBD investment with upside
Positioned in the heart of Whanganui's main commercial precinct, 157-161 Victoria Avenue presents a compelling multi-tenanted investment opportunity. The property is anchored by four established tenants in total, one being an international hospitality brand, Subway, with another two tenants being regionally established brands and a lease with the Whanganui District Council.
The asset offers a diversified income stream supported by well-structured lease agreements, incorporating a mixture of rent review mechanisms designed to deliver both stability and future rental growth. With a 75% NBS rating, investors can take confidence in the building's structural integrity alongside its long-term performance potential.
This is a rare opportunity to secure a high-profile CBD investment with strong underlying fundamentals, reliable cash flow, and built-in upside.
For sale by deadline private treaty closing 3pm, Wed 20 May 2026 (will not be sold prior).
158 Wicksteed Street, Whanganui
May
3pm
John Bartley
Bartley Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Location
Situated on Whanganui’s main retail strip with high foot traffic and strong exposure
Lease
Four (4) tenancies occupied by internationally and regionally recognised brands plus a Whanganui District Council lease
Seismic (NBS rating)
75% (Report by BPL Group dated 09 June 2015)
Opportunity
Built-in rental growth through a mixture of market rent reviews and CPI
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