Investors in the driver's seat to buy Automobile Association regional office

AA building, Victoria Ave, Whanganui.

Whanganui's Automobile Association building is up for sale but the business is staying put.

The land and buildings are for sale and being marketed by an out-of-town agency for auction on October 26.

Salesperson Karl Cameron of Bayleys Plamerston North said the corner site building was three years old, and purpose-built for the Automobile Association to its operational specifications.

"The AA is currently on a nine-year lease on the property running through until 2023, with two further four-year rights of renewal," Mr Cameron said.

The building is located at 202 Victoria Avenue on the high profile corner site of Victoria Ave and Ingestre Street.

"It ticks all the boxes, having a first class tenant on a long lease term , in a 100 per cent seismically rated building," Mr Cameron said.

The Automobile Association provides such services as road-side breakdown assistance, insurance, finance, a fuel card loyalty programme, travel packages, accommodation and tourism guides, and is a Government advocate for automobile users nationwide.

The AA is governed by a national council supported by 17 district councils. Whanganui is one of the regional branches.

The property comes with car parking for five vehicles, with additional parking on both Victoria Avenue and Ingestre Street immediately outside the AA premises.

The first, and last time the property came up for sale - in 2014 - it was purchased by a Christchurch commercial investor, who bought the property whilst he was competing in a charity golf tournament.