3 St Leonard Street and 13-15 Great North Road, St Johns Hill, Whanganui, Wanganui

Tender closing 2pm, Thur 5 Dec 2024 (will not be sold prior), Bayleys, 158 Wicksteed Street, Whanganui.

A rare and exciting investment opportunity awaits with this incredible offering at 3 St Leonard Street, St Johns Hill. This grand 1910s villa, currently configured as three separate flats, is accompanied by the vibrant St Johns Hill shopping precinct at 13-15 Great North Road - a prime commercial and residential package that’s rich with potential. Situated in a highly sought-after area, the possibilities for development and growth are abundant, whether you choose to modernise, restore, or reimagine this property.

Modernise and maximise: transform three flats into one contemporary haven.

Imagine transforming the three self-contained flats into a single, stylish home while benefiting from the strong, consistent rental income of the St Johns Hill shopping precinct. Modernise the villa, creating a contemporary dwelling that merges the charm of its 1910s origins with today’s comforts. Long-term tenants are eager to stay, making this a seamless opportunity to maximise both the residential and commercial appeal of this dual offering. Your vision can create a luxurious home alongside a thriving commercial hub in the heart of St Johns Hill.

Return to grandeur: restore the villa to its original splendour.

Step back in time and restore this grand villa to its original form, transforming it into a single, majestic dwelling. The lush surroundings and historical character offer the chance to create a standout home that is both elegant and timeless. Meanwhile, the St Johns Hill shopping precinct continues to generate a solid income stream, complementing the property’s residential transformation. This option offers an unparalleled combination of heritage and investment, making this an extraordinary opportunity in a prestigious location.

Investment evolution: develop modern townhouses and reimagine the commercial space (subject to council consent).

For those with a long-term vision, consider taking this offering to the next level. Demolish the villa and redevelop the site to create three or four modern townhouses, perfectly positioned in this prime location. Additionally, the St Johns Hill shopping precinct presents the chance to upgrade or redesign the commercial space, capitalising on the area’s steady demand for quality housing and retail options. This is a forward-thinking approach that promises substantial returns on both the residential and commercial fronts.

A prime location for both residential and commercial success. With the highly desirable combination of a residential villa and a bustling commercial precinct, this offering at 3 St Leonard Street and 13-15 Great North Road is an investment opportunity like no other. The proximity to local amenities, consistent rental returns from loyal tenants, and the potential for growth make this a unique chance to secure your future.

Seize the moment, don’t miss out on this rare opportunity to shape the future of this landmark property and the surrounding community.

Site breakdown:

13 Great North Road - land area: 1,012sqm, floor area: 420sqm, zoning: Commercial 8C

15 Great North Road - land area: 936sqm, floor area: 253sqm, zoning: Commercial 8C

3 St Leonard Street - land area: 1,034sqm, floor area: 250sqm, zoning: Residential 9A

NB: All land and floor areas are more or less.

Contact us now to schedule a viewing and explore the endless possibilities that await at 3 St Leonard Street and the St Johns Hill shopping precinct at 13-15 Great North Road.

To view more information on 13-15 Great North Road please visit www.bayleys.co.nz/3002770

NB: boundary lines are indicative only.