Outstanding CBD Office Floor: Own or Occupy

Level, 8, 57 Willis Street, Wellington Central, Wellington

Price On Application

Proposed Usage
Office
Floor Area
692.00 m²
Description:
Property ID
1bqf047



Situated in a prime located between Willis and Victoria Streets, this 692m² floor benefits from great habour and city views.

Only one minute walk from Lambton Quay, this floor would suit an owner occupier or a tenant wanting spacious light and modern accommodation.

The existing tenant occupies 30% of the floor and would move if necessary.

The PropertyThe property comprises office/retail building designed by Beca Carter Holdings Limited and constructed circa 1977 containing office space on levels 2-15, ground floor and first floor retail and basement car parking.

Company OwnershipThe title to the land and buildings is owned by Fifty-Seven Willis Street Limited. The owner of a company share floor does not own the individual floor but has an equity share in the company that owns the land and the buildings. The owner’s occupation of the office floor is represented by a Licence to Occupy which is registered against the title (refer due diligence for details).

Floor DetailsThe office floor is essentially rectangular in shape having a floor area of approximately 692.54m², currently configured as two separate tenancies. Services include sprinklers and forced air heating and ventilation supplemented with heat pumps. Included with the floor are four basement car parks - two single parks and one tandem park (2 car parks).Level 8’s share of the annual budget is 5.71% which equates to $53,610.81 plus GST per annum with $4,467.57 plus GST paid monthly. 

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Wellington Central Area