85 The Terrace is a well-presented commercial office building in the heart of Wellington’s central business district. It offers modern office accommodation, ground floor retail and secure basement car parking accessed from The Terrace.
The building provides a total net lettable area of approximately 5,441.40 sqm with a passing net income of $1,111,381 plus gst pa (approx). It is occupied by a range of quality tenants attracted to its central location and easy access to Wellington’s core amenities. Tenants benefit from proximity to government agencies, prominent corporate offices and popular dining options along The Terrace and Lambton Quay, which is accessed via Farmers Lane or the building elevators.
The property presents its new owner the opportunity to add value through contracted rental growth and leasing the two vacant floors.
For more information or to arrange an inspection contact:
Hamish Templeton on 029 127 0018 or email hamish.templeton@colliers.com
Richard Findlay on 021 620 188 or email richard.findlay@colliers.com
*Please note all areas and values are approximates only.
Features:
- High profile location
- Strong rental upside
- Sought after floor plates
- Dual access to The Terrace and Lambton Quay
More information: https://www.colliers.co.nz/p-NZL67032314
