1914s Elegance and Grandeur

The birth of the Wanganui Gentlemens Club with no expense spared in 1914, the 1475sqm premises spread over two levels is still today occupied by the Wanganui Club with Office, Function Centre, and Accommodation space to rent out. The current owners have been busy restoring this piece of history for the next proud owner to take over and continue the project, once you walk into the property you will feel the history from the grand entrance staircase to the chandeliers and top-quality fittings from yesteryear. To experience the property, it is a must to view, walk around and absorb the surroundings. Current operating income is approximately $200,000 per annum with the current owners only operating this part-time, top-quality owners apartments on either corner you can choose the options are endless. The property itself also has a large piece of vacant land that could be used for future development just one block from Victoria Ave.

The sale includes an extensive list of chattels that will remain with the sale, a recently built summer house out the back. If you love history and are looking to add value and earn an income whilst doing it, then this is one of Wanganui's finest buildings in the heart of the city. The owners are excited to sell as this has been over a decade of upgrading to the highest standard through out what they have done the pictures show the results.

Auction 12.00pm, Tue 5th Dec, 2023, (unless sold prior), Onsite, 136 St Hill Street, Whanganui

View By appointment

Web pb.co.nz/KPC172486