The owners of 1 Victoria Ave say it is not feasible for them to retain the heritage building.
The owners of the Thain's building at 1 Victoria Ave have applied for resource consent to demolish it but say they are only intending to sell the property, not bulldoze it.
The building on the corner of Victoria Ave and Taupo Quay is owned by Karantze Holdings, a family company
whose partners live in Napier. Their agent for the application to Whanganui District Council is Noel Mouldey, of The Building Design Company.
"The Karantze family wish to make it clear from the outset that while they are seeking the right to demolish this prominent local building, they remain sympathetic to Wanganui's 'built heritage' and understanding of the council's and the community's desire to see older buildings of significance retained for Wanganui's benefit," Mouldey said in the resource consent application.
However, retaining the building was not economically feasible or within the owners' means. The cost of seismic strengthening had been estimated at more than $1 million and, with a contingency built in, would be more like $1.2m.
The Thain's building is a Class B heritage building in the Whanganui District Plan but has no national heritage status. The three-storey unreinforced masonry building is severely earthquake-prone at 5 per cent of new building standard (NBS) and the ground floor was flooded in the June 2015 floods.
