Trophy Boutique Retail Asset

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Trophy Boutique Retail Asset

98-110 Victoria Street, Te Aro, Wellington City

As Exclusive Agents, CBRE New Zealand is proud to present The Shoreline Complex, 98-110 Victoria Street, Te Aro, Wellington for sale.

The Shoreline Complex comprises a fully occupied ground floor retail complex with first floor office/studio space, offering eight retail shops at ground level and a single tenancy to the first floor.

The building, which has a seismic rating of 76% NBS, occupies an island site with principal frontage to Victoria Street and Manners Street. A portion of the property, identified as 29 Manners Street, forms part of Wellington’s main retailing strip, which is colloquially known as the “Golden Mile”.

The Shoreline Complex is occupied by an incredible mix of well-known retail brands including Superette, Trelise Cooper, Stolen Girlfriends Club, Pat Menzies Shoes, Kilt, Repertoire, Lonely and World. The first floor is occupied by Thrive Pilates. The complex currently generates a passing net income of $1,041,985 (plus GST) per annum. The leases typically contain a provision for the Landlord to terminate the leases with 12 months’ notice in the event that the property is required for redevelopment.

Investment highlights include:

NLA of approximately 1,204sqm

Incredible mix of well-known national retail & NZ designer brands including Trelise Cooper, Superette and Stolen Girlfriends Club

Freehold land area: 1,199sqm (more or less)

Passing Net Income: $1,041,985pa plus GST

New Butynol membrane roof installed May 2025 with a 20-year warranty from Viking Roof Spec, a division of Viking Group Limited

Potential to have billboards on the parapets at both the northern end and the ‘Golden Mile’ southern end significantly increasing the current net income

Triple street frontage, with a pedestrian thoroughfare and Service Lane (St Hill Street) on the fourth side

Prominent island site in central Wellington

Well-maintained and presented property

Seismically assessed as 76% NBS

72 metre height limit

The property is being offered for sale by Deadline Private Treaty, closing Wednesday 20th May 2026 at 4pm (unless sold prior). Offers are to be submitted on the prescribed form which can be downloaded via the Electronic Data Room.

CBRE strongly recommends early consideration of this trophy boutique Wellington retail asset and encourages interested parties to get in touch with the Exclusive Agents without delay. For further information, please contact one of the nominated brokers.