243 Thorndon Quay presents a rare opportunity to acquire a prominent freehold site in one of Wellington’s most tightly held commercial precincts.
The property comprises a mix of showroom, industrial, and storage accommodation, currently leased to Go Media (billboard), Hirepool, Capital Height Services, Rakau O Te Ora Trust, Impresa Showers, Motor Doctors and Gar-fare Cafe with additional vacant space offering scope to enhance returns or reposition the asset.
The improvements are functional and well-configured across multiple tenancies, supported by a generous yard and excellent exposure to Thorndon Quay - a key arterial route connecting the CBD with northern suburbs and State Highway 1.
Located in Pipitea, the property enjoys exceptional access to transport infrastructure including the Wellington Railway Station and motorway on/off ramps. The surrounding area is a hub for commercial, retail, and light industrial activity, with strong demand from automotive services, trade suppliers, and logistics operators.
Underlying zoning supports both commercial and residential development, making this an ideal opportunity for add-value investors, developers, or owner-occupiers seeking scale, profile, and future upside.
For more information or to arrange a private viewing contact:
Hamish Templeton on 029 127 0018
or hamish.templeton@colliers.com
Matt Sisson on 021 468 842
or matt.sisson@colliers.com
*Please note all areas and values are approximates only.
Features:
- One-site Go Media billboard generating a minimum of $350,000 annual income
- High profile site positioned on a major arterial route
- Strong leasing history providing diversified income streams
- Positive cash flow holding income of $543,696 (net)
- Large land holding ready for future developments
More information: https://www.colliers.co.nz/p-NZL67037386
