CBRE Wellington

Based in New Zealand’s capital city, our Wellington team offers clients innovative real estate solutions to suit their individual needs. Our professional and experienced team provides market-leading advice for private investors, government ministries and institutions on virtually every aspect of commercial real estate. Our powerful integration model means we have the ability to offer a one-stop solution to all your real estate needs.

Whether you have commercial property for sale, are looking to invest, searching for new premises to lease, need a valuation, or want a team of experts to manage your property, our Wellington office will not only meet but exceed your expectations.

Real Estate Services

CBRE Wellington
Matthew St Amand
Rick Stace
CBRE Wellington
195 Lambton Quay
Wellington Central
Wellington 6011
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Listing #:
WGN100456
Listed:
156 days ago

Price by negotiation

Add-Value Opportunity: Refurbish & Reposition

141 The Terrace, Wellington Central, Wellington
Offices
floorarea
8,825m2 Floor Area
landarea
1,726m2 Land Area
About this property
CBRE (Agency) Limited is delighted to present to the market 141 The Terrace Wellington Central. This is an exceptional opportunity to acquire a 17-level office tower situated above a two-storey retail podium in Wellington’s CBD core. With dual access from both The Terrace and Lambton Quay, this property benefits from its proximity to the Golden Mile, Wellington’s premier retail precinct. This asset offers a diversified income stream with strong add-value potential.   

 The property comprises a Net Lettable Area (NLA) of some 8,825sqm on a shared interest site of 1,726sqm (more or less).  Level 15 has recently been refurbished and the upper levels enjoy abundant natural light and stunning harbour views. With 60% occupancy, this asset offers a unique opportunity to refurbish and reposition, driving an opportunity for enhanced income and capital appreciation.  

Investment highlights include:
- 17-level CBD Office Tower
- Net Lettable Area: 8,825sqm
- Net holding Income: $650,000 (approx.)
- Excellent natural light and outlook from upper floors
- 550sqm (approx.) floors
- Stratum in Freehold
- City Centre Zone

This is a strategic opportunity to invest in a prominent office tower located in the heart of Wellington’s CBD, offering significant upside and value-add potential. Accordingly, CBRE strongly recommends your early consideration of this investment opportunity and encourages interested parties to get in touch without delay. 

The property is being offered for sale by Private Treaty. All enquiries, including arrangements for inspections, should be directed to CBRE, the Exclusive Agents.    

For further information, please contact one of the nominated brokers.
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