Mortgagee Sale: Add-Value Opportunity

RECENTLY LISTED

Watchlist

17 Images

+13

Mortgagee Sale: Add-Value Opportunity

141 The Terrace, Wellington Central, Wellington City

CBRE (Agency) Limited presents to the market 141 The Terrace Wellington Central instructed by the mortgagor. 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 which is Wellington’s premier retail precinct.

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. 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

Gross holding income: $1,582,264 (approx.)

Excellent natural light and outlook from upper floors

550sqm (approx.) floors

Stratum in Freehold

City Centre Zone

This is a great 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 Deadline Private Treaty closing Thursday 8 October 2026. All enquiries, including arrangements for inspections, should be directed to one of the nominated exclusive CBRE brokers.