Exceptional Value in Prime CBD Location

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Exceptional Value in Prime CBD Location

111 Customhouse Quay, Wellington Central, Wellington City

As Exclusive Agents, CBRE New Zealand is delighted to present 111 Customhouse Quay, Wellington Central for sale. The Vendor is prepared to meet market expectations, making this prime CBD property an attractive opportunity for any astute investor.

This property features a nine-level office tower with basement car parking (10 spaces) and Ground Floor retail, situated on approximately 607sqm of prime CBD land. Significant refurbishment and structural upgrades were completed in 2021, resulting in an 80% NBS seismic rating. The total lettable area is 3,392.56sqm, accommodating both office tenants and ground floor retail. Located within the ‘City Centre Zone’ of the Wellington City 2024 District Plan, the property has a building height limit of 78 metres above ground level.

Investment highlights include:

Realistic and motivated Vendor

Refurbished and strengthened to 80% NBS in 2021

Net lettable area: 3,392.56sqm (approx.)

Land area: 607sqm (more or less)

Passing net income: $980,468pa (plus GST)

The property is being offered for sale by Private Treaty.

This is a fantastic opportunity to acquire a mixed-use CBD investment property located in the heart of Wellington. As such, CBRE strongly recommends your early consideration of this investment opportunity and encourages interested parties to get in touch without delay.

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

Please note: Boundary lines are indicative only.