Situated approximately 5km from Whanganui's CBD, this substantial multi-dwelling residential complex has potential to generate circa $5,800+ per week in gross income when fully tenanted and is set on an expansive 9,498sqm (approximately 2.3 acres) of freehold land.
Further enhancing the offering is a separate 1,191sqm freehold section located directly across the road, providing an excellent opportunity for future development, intensification, or long-term land banking.
Investment Overview
- 15 income-producing units, comprising:
- 10 studio units
- 3 one-bedroom units
- 2 two-bedroom units
Gross potential rental income: circa $5,800+ per week (when fully tenanted)
Large three-bay garage/workshop
Freehold titles
Professionally managed, offering true hands-off ownership Strong and consistent occupancy, supported by ongoing demand Value-Add Opportunities
This is not only a strong cash-flow investment, but also a property with genuine upside:
- Potential to upgrade existing powered caravan sites
- Opportunity to add temporary cabins or tiny homes (subject to consents)
- Ability to further leverage existing communal facilities, including kitchen, laundry, and ablutions
- Development or enhancement potential on the additional 1,191sqm freehold section
These attributes make the property well suited to investors seeking to diversify income streams or expand into short-stay, worker, or hybrid accommodation models.
Location Highlights:
- Approximately 5km to Whanganui CBD
- Positioned on State Highway 3, ensuring excellent accessibility
- Attractive, park-like grounds with strong tenant appeal
- Close to key amenities, transport links, and Lake Wiritoa
Key Reasons to Invest
- Strong, reliable weekly income
- Diversified tenancy mix across multiple dwellings
- Low-maintenance, professionally managed asset
- Future development and capital growth potential
- Well-located property in an area with sustained demand
- Investment opportunities offering this combination of scale, income, landholding, and future potential are rarely available.
For further information or to arrange a private inspection, contact Shannon Caldwell or Rob Bennett.
