Tenanted freehold workshop opportunity
Positioned within Whanganui's established trade and light-industrial precinct, this freehold property presents an outstanding opportunity for investors, tradespeople and owner-occupiers planning for the future.
The property comprises a substantial approximately 340sqm workshop building on a 612sqm (more or less) freehold site, offering a practical and versatile industrial asset in a sought-after city fringe location. Currently occupied by longstanding tenant AMT Auto Electrical, the property provides immediate holding income with a lease in place through to March 2028.
Returning a net rental of $35,740 + GST per annum from 1 April 2026, increasing to $36,680 + GST from 1 April 2027, with outgoings recoverable from the tenant, the property offers solid income while allowing future owners time to plan their next move.
The building features a high-stud workshop, complemented by office and staff amenities, generous workspace and a sealed yard area. Its functional layout and strategic location make it well suited to a wide range of trade, automotive, engineering or light-industrial uses.
Whether you're an investor seeking a well-located industrial holding, or a tradesperson wanting to secure premises now with income in place until occupation becomes available, opportunities such as this are increasingly difficult to find.
Secure the property today, enjoy the income stream, and position yourself for the future.
For Sale by Tender 2pm, Thu 3 Dec 2026 (will not be sold prior). Bayleys, 158 Wicksteed Street, Whanganui
The property comprises a substantial approximately 340sqm workshop building on a 612sqm (more or less) freehold site, offering a practical and versatile industrial asset in a sought-after city fringe location. Currently occupied by longstanding tenant AMT Auto Electrical, the property provides immediate holding income with a lease in place through to March 2028.
Returning a net rental of $35,740 + GST per annum from 1 April 2026, increasing to $36,680 + GST from 1 April 2027, with outgoings recoverable from the tenant, the property offers solid income while allowing future owners time to plan their next move.
The building features a high-stud workshop, complemented by office and staff amenities, generous workspace and a sealed yard area. Its functional layout and strategic location make it well suited to a wide range of trade, automotive, engineering or light-industrial uses.
Whether you're an investor seeking a well-located industrial holding, or a tradesperson wanting to secure premises now with income in place until occupation becomes available, opportunities such as this are increasingly difficult to find.
Secure the property today, enjoy the income stream, and position yourself for the future.
For Sale by Tender 2pm, Thu 3 Dec 2026 (will not be sold prior). Bayleys, 158 Wicksteed Street, Whanganui
Key features
Occupancy
Long-standing operator AMT Auto Electrical in occupation to 31 March 2028. No further rights of renewal
Lease
Net rental $35,740 + GST p.a. from 1 April 2026, stepping to $36,680 + GST p.a. from 1 April 2027-31 March 2028. Outgoings recoverable from the tenant
High stud
High stud workshop with approximately 5.85m clearance plus roller door vehicle access
Floor area details
Workshop, office and amenities with sealed yard and parking
Zoning
Outer Commercial Zone (COMZ-OC) under the Whanganui District Plan – a versatile zoning for trade and commercial users
Seismic (NBS rating)
Assessed at 69%NBS (Grade B) in the Initial Evaluation Procedure, December 2012
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