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Receivership sale - income with upside

202 Thorndon Quay, Pipitea

Office Building
dollar

Tender

Floor area
2022m2
Land area
883m2
Title type
Freehold
On this page:

Tender

Wednesday
4:00pm
24
Sep

Map

Property details

Listing # 3258942 | Listed on 22 August

Under instruction from the Receivers, we present 202 Thorndon Quay - a character, three-storey commercial building comprising a ground-floor showroom leased to a well known retail store, upper-level office suites, and 18 on-site covered car parks.

Refurbished in the early 2000s, the property features polished timber floors, highstud ceilings, exposed brickwork, air-conditioning, and a lift servicing all levels. It offers strong street presence to Thorndon Quay and benefits from excellent natural light throughout.

With a current net income of approximately $295,628pa + GST per annum and potential to grow to $435,000pa + GST, this is an outstanding add-value opportunity in a tightly held city fringe location, close to Parliament and the CBD.

Instructions are clear - present all offers.

To obtain a copy of all supplementary documents please register your interest at www.propertyfiles.co.nz/property/202thorndonquay

  • Current net income is approximately $295,628pa + GST
  • Significant rental upside from existing vacancies
  • Character fit-out with natural timber floors
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