Investment property

Wanganui East, Wanganui

By Negotiation

Proposed Usage
Tourism & Hospitality
Property ID

140 Anzac Parade, Whanganui, has an historic villa "Totarapuka" overlooking the rental units and individual dwellings which comprised the former Acacia Park Motel. Now a fully tenanted periodic tenancy property, the owners occupy part of Totarapuka villa as a separate 4 bedroom, 3 bathroom dwelling. Within the villa there are another two dwellings with 5 bedrooms and 2 bathrooms and 1 bedroom unit. Parking, lawn and large garages complete the picture for the rear of the property. Other dwellings on the property consist of 3 bedroom, 1 bathroom plus garage and deck is sited on the North side, below the villa. Two blocks of 4 units each, plus the now unused ex-laundry and an additional 2 units with garage on the lower terrace and surrounded by trees, lawn and sealed driveways. This property is excellent if you are looking for an investment generating a very significant income stream. Land area 5,976 sq m located alongside the Whanganui River, parks and walkways..

Enquire about this business