Transformational Multi-Faceted Value Add Opportunity

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Transformational Multi-Faceted Value Add Opportunity

226 Lambton Quay, Wellington Central, Wellington City

As exclusive co-agents, CBRE and JLL are pleased to exclusively present for sale via International Expressions of Interest – 226 Lambton Quay, Wellington Central.

This transformational asset offers exceptional scale, resilient retail income, and multiple pathways for value creation upon Wellington City Council’s forthcoming lease expiry. Repositioning opportunities include a premium oﬀice refurbishment to capitalise on Wellington’s low prime vacancy rate, the lowest in Australasia, or a landmark hotel conversion, in a market defined by constrained supply - underpinned by secure retail income.

Commanding a strategic position along Lambton Quay, one of Wellington's most significant commercial corridors, 226 Lambton Quay delivers exceptional dual street connectivity with frontages totaling 46 metres along Lambton Quay and 60 metres along The Terrace.

The asset encompasses 13-levels of office accommodation and a two level retail podium, totaling 12,613sqm of net lettable area with integrated parking across the remaining four podium levels providing 109 spaces.