31 Hatrick Street West Wanganui

Property ID:2EGHQS

Property Snapshot

Yellow background images
  • Area: 3220m2

Multi-use Whanganui Investment

31 Hatrick Street West Wanganui

Property Snapshot

Yellow background images
  • Area: 3220m2

Superb opportunity to buy now, and reap bigger rewards at a later stage.

Three properties for sale in one bundle. All improved with security fencing, perimeter lighting, and tar sealed yards.
No 31 comprises of a high stud commercial 394m2 building. The main workshop makes up 334m2, plus 59.9m2 of offices and staff amenities. Bonus Mezzanine floor another 59m2. All this set on >1200 of commercial land. Lease returning 6.6% gross, new valued rent returns 8.1%

No 33 is made up of another 5.8 metre stud, 350m2 building, including 52 metres of offices and staff amenities. Add in the Mezzanine of 50m2, an added bonus. Set on 1290m2 leasehold land, leased on friendly terms currently returning 5.2% gross, however new valuation shows potential of 10.0% gross.

Add in No 35, a tidy three bedroom well maintained cottage on 665m2, returning 5,2% on the residential income alone, but add in the commercial income from the cleverly constructed, secure storage yard at the rear and the return jumps to 7%.

The main benefit to any buyer here is the potential to take this setting close to the city and create an industrial centre by adding more buildings inside the secured property, thus creating more income in this sought after industrial hub.

Ideal for automotive operators, trades such as building, plumbing or electrical, don't forget logistics and storage.

The price for all three gems is set at $1.295m plus some GST if any, the potential for the new owner is limitless.

The Owner will consider selling 33 and 35 together, and 31 separately.

As it stands today overall the return is approx. 6.2% gross, take note of the valuations and take in 7.0%. then add your own mark.

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Locality Guide - Wanganui

Location Description

Largely undiscovered to most New Zealand and other visitors and investors, Wanganui is a thriving and vibrant city. It holds true to steadfast values in a modern era. Our river, nature, heritage in both history and the wonderful buildings surrounding the old main town are the cornerstone of the community.

Wanganui is a delightful and pretty provincial city rich in Maori and European history and culture. The town abounds with historic buildings, preserved from the early days of European settlement, along with beautiful parks for the children and gardens.

Add to this the outstanding sporting and education facilities together with the vibrancy created from a variety of creative and event activities like the UCOL glass blowing facility and the Taupo Quay art area you will wonder at the places and venues on offer.

Wanganui is still one of the most affordable cities to live and invest in New Zealand. You should seek out what is on offer for all to enjoy.

Visitors Centre

I-site:101 Guyton Street Wanganui

Email:info@wanganui.govt.nz

Mail:P.O.Box 637 Wanganui

Phone:06 349 0508

Fax:06 349 0509

Attractions

  • Durie Hill Tower

  • Historic City Buildings

  • Virginia Lake

  • Queens Park

  • Sarjent Gallery

  • Whanganui Regional Museum

  • Restored Paddle steamer PS Waimarie

  • Kowhai Park

  • Bason Botanical Gardens

  • Kai Iwi Beach

  • Bushy Park Homestead

  • Golf courses, Belmont, Castlecliff and Tawhero

Facilities

  • Splash Centre Springvale Park
    Phone 063490113

  • New Zealand Masters Games bi-annually in February

  • YMCA Rakawa Adventure Centre
    Phone 06 349 0197

Many choices in Restaurants and Café in Wanganui:

  • Ledgends Fine Dine and Café
    Phone 06 348 7606
    Located by the river at 25 Somme Parade

  • 3 Amigos Mexican cantina
    13 Victoria Ave
    Phone 06 347 9950

  • Parnells Café
    349 Victoira Avenue

  • Oggies Café
    Wilson Street
    Phone 06 348 8460

Transport

  • Ferry, rail and coach bookings and local services are available from I-Site Wanganui visitors centre
    Phone 06 3490508

  • River city cabs
    Phone 06 345 3333

  • Wanganui Taxis
    Phone 06 343 5555

Community

  • Public Library
    06 349 1000

  • Wanganui Hospital
    06 348 1234

  • Police
    111

  • Wanganui Police
    06 348 1300

  • Wanganui City Doctors
    06 348 8333

Pre-Schools

  • Kindergardens Aramoho
    06 345 3272

  • Keith St
    06 347 6448

  • Gonville
    06 344 4884

  • Capital Baptist
    06 345 3008

There are also many early childhood centres in Wanganui for more information please call the office on 06 349 0883

Primary Schools

  • Carlton School
    06 345 0336

  • Durie Hill School
    06 345 5946

  • St Johns Hill School
    06 345 2664

  • Aramoho School
    06 343 8249

  • Castlecliff School
    06 344 4537

  • Faith Academy
    06 345 7737

  • Gonville School
    06 345 7194

  • Keith Street School
    06 349 1111

  • Mosston School
    06 345 5432

  • St Anns Parish
    06 343 8389

This is just a selection of Primary schools available

Secondary Schools

  • Cullinane College
    06 343 7978

  • Wanganui High School
    06 349 0178

  • Wanganui City College
    06 349 0180

  • Wanganui Girls College
    06 349 0944

Tertiary Schools

UCOL
0800 289 727

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Contact the Agent

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