34-36 Taupo Quay, Whanganui City, Whanganui

10-year leased investment opportunity

34-36 Taupo Quay, Whanganui presents a freehold commercial investment secured by a 10-year lease to the Department of Conservation, delivering the strength of a central government covenant within an established regional centre.

Positioned along prominent Taupo Quay in Whanganui's commercial precinct, the property comprises an office building of approximately 1,012sqm on a 1,510sqm (more or less) freehold site. Constructed circa 1891 and zoned Commercial Zone D, the building offers scale, profile and functional offices within a well-recognised location, surrounded by complementary commercial uses.

The lease to the Department of Conservation recommenced on 1 December 2025 for a 10-year initial term and includes three further rights of renewal of three (3) years each, extending the potential final expiry to 30 November 2044. With structured rental growth through CPI adjustments (subject to caps) every three (3) years and scheduled market rent reviews, providing a balance of income stability and future re-alignment to market conditions.

With long-term tenure, built-in growth mechanisms and the security of a government tenant, 34-36 Taupo Quay represents a well-positioned addition to a commercial investment portfolio within the Whanganui market.

For sale by way of Tender closing at 3pm Wed 22 Apr 2026 (will not be sold prior)