Add-Value Opportunity: Refurbish & Reposition

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Add-Value Opportunity: Refurbish & Reposition

141 The Terrace, Wellington Central, Wellington City

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.