Potential Return well in excess of 9%

highlights

Well located by Wellington Library and Civic Centre, in an area that will surely benefit from their redevelopment, this well presented office floor of 704m², with four basement carparks, provides a good sized investment for parties where location is key.

The building enjoys frontages to both Willis Street and Victoria Street, with a good retail area in the lower retail podium, and easy access to parking off Victoria Street.

Currently split into three tenancies providing a nett income of over $152,000 per annum plus GST. With varying lease expiries, there is also opportunity for future occupation by an owner-occupier.

Ownership of the floor is by way of Company Shares, with the building on Freehold Title.

With Buyer Enquiry welcome from $1,400,000 - this tidy central city investment could provide you with a high yielding investment income.

For further details contact the Joint Sole Agents

Carl Hastings - The Agency Group
Phone: 021-403 502
carl@theagencygroup.co.nz

Sam McIlroy - Colliers International
Phone: 021-730 100
sam.mcilroy@collierswgtn.co.nz

contact

Carl Hastings Real Estate Agent

Carl Hastings

04 979 9310

021 403 502

04 472 2056

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property information

  • Property Type Offices
  • Price SOLD
  • Suburb Wellington Central
  • Building Size 704 m2
  • Listing Number 6004768

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