Property Description

Our elderly absentee vendors are seeking a prompt sale of this unit title fee simple ground floor property located in the CBD.

The premises benefit from a wide glass frontage onto The Terrace.

Since the building was opened in 2003 the premises have been occupied by a gym and includes one of the few lap pools (20m) in the city. The closeness of high-rise offices, hotels, student hostels, and apartment buildings provides the gym with a very large catchment.

The current lease of 12 years expires in June 2024, giving the successful buyer plenty of time to negotiate a new lease with the sitting tenant or find a new tenant.

  • Rental $73,648 per annum plus GST
  • 630m²
  • 9-level apartment building (130 apartments)
  • Short walk to Lambton Quay
  • Just off the motorway

Price by negotiation

Due Diligence Information

Please contact Kevin to obtain your comprehensive Property Information document, including access to our Secure Dataroom.

10% ++ Return CBD Investment Property

154 The Terrace, CBD, Wellington

630 m²
Basic Details
Listing ID : 1682
Listing Type : For Sale
Land Area : 630 m²
Floor Area : 630 m²
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