Prime Corner Development Opportunity

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Prime Corner Development Opportunity

151 Victoria Street, Te Aro, Wellington City

CBRE New Zealand is pleased to present a prime corner development opportunity at 151 Victoria Street, Te Aro, Wellington for sale - a generous parcel of land in the vibrant heart of Te Aro, Wellington.

Investment highlights include:

Strategic CBD location: North-facing corner site with excellent profile. Recent new developments have enhanced the area, creating vibrancy and appeal within the wider Cuba Street precinct.

Substantial landholding: The City Centre zoned site comprises approximately 1,197sqm (more or less) at ground level, with a maximum permitted building height of 43.8 metres.

Approved development consent: Resource Consent granted for a eight-level office tower plus ground floor retail, offering immediate development potential.

Car parking: The site currently provides 17 car parks, with 15 under short term licences providing holding income. Additionally there are 24 separately strata titled parks available in the adjoining Victoria Lane car park.

Long-term value: Surrounded by premium residential and commercial developments, ensuring strong demand and future growth.

For sale by Private Treaty. CBRE strongly recommends your early consideration of this prime development opportunity and invites interested parties to contact the Exclusive Agents for further information.