Fully Leased Investment
Levels, 4, 5 & 6, The Willeston Centre, Wellington Central, Wellington
Price On Application
- Proposed Usage
- Floor Area
- 2937.40 m²
- Property ID
Enquire about this property
Colliers International have been exclusively appointed to market for sale this outstanding Wellington CBD office investment.
Levels 4, 5 and 6 of The Willeston Centre are fully leased with a weighted average lease term of 3.72 years (approx.). The stratum in freehold podium floors have been recently refurbished, the building has been strengthened to 85% NBS and the tenants were secured before the Wellington office market tightened in the last twelve months, offering potential upside in the current rent upon review.
The three floors have a current net income of $588,495 + GST (approx.) over the total net lettable area of 2,937.40m² (approx.)
The floors are occupied as follows:
Level 4: Compass Health
Level 5: The Nursing Council of New Zealand
Level 6: The Nursing Council of New Zealand and The Laptop Company
(NB: both The Nursing Council and The Laptop Company occupy other floors within The Willeston Centre)
The Willeston Centre holds an excellent position in Wellington CBD, with three street frontages from Customhouse Quay, along Willeston Street and down Victoria Street. The building has undergone an air-conditioning upgrade, seismic strengthening and has both national and international retail brands on the ground floor.
The three floors are for sale as one offering by Deadline Private Treaty, closing 3pm Thursday 30th November 2017.
Full access to the online data room and due diligence information is available via the Colliers website.
Please contact one of the exclusive agents for further information.