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City fringe investment with long-term upside

124 Dixon Street, Te Aro

Office Building
dollar

Tender

Floor area
1350m2
Land area
399m2
Title type
Unit Title
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Tender

Wednesday
4:00pm
10
Dec

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Property details

Listing # 3259283 | Listed on 7 November

124 Dixon Street presents a superbly located freehold commercial opportunity in the heart of Wellington's vibrant city fringe. Positioned within easy walking distance to Cuba Street, Courtenay Place, and the CBD, the property benefits from strong surrounding amenity and excellent accessibility.

Currently providing a reliable income stream, the property offers clear scope to enhance returns through lease restructuring, refurbishment, or targeted improvements. Its flexible zoning further opens the door to a range of future uses, including conversion or redevelopment, making this an attractive proposition for both add-value and longer-term investors alike.

To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/124dixonstreet

  • Five-level commercial building (approx. 1,350sqm) with nine secure car parks
  • Returning $238,757 + GST p.a. (gross) from multiple tenants
  • 399sqm freehold site on Wellington CBD fringe
  • Surrounded by hospitality, residential, and mixed-use developments
  • Strong holding income with rental upside potential
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