A rare opportunity to secure a centrally located industrial property in Te Aro via mortgagee sale.
86 Abel Smith Street offers 1,088 m² of versatile space on a 702 m² freehold site, with dual street frontages and a dedicated loading bay. The building is offered with vacant possession and is ideally suited to owner-occupiers, investors, or developers seeking a strategic asset in Wellington’s most dynamic precinct.
A seismic assessment completed by Spencer Holmes in June 2022 confirms the building achieves 90% of New Building Standard (NBS), placing it in Grade A and indicating low seismic risk. Zoned City Centre with a 42.5m height limit, the property supports a wide range of uses and future redevelopment potential. Located just minutes from the CBD and State Highway 1 motorway access, this is a genuine opportunity in a tightly held market.
For further information or to arrange a private viewing contact:
Matt Sisson on 021 468 842
or email matt.sisson@colliers.com
Hamish Templeton on 029 468 842
or hamish.templeton@colliers.com
*Please note all areas and values are approximates only. Boundary lines are indicative only.
Features:
- 1,088 m² building on a 702 m² freehold site
- Dedicated loading bay and flexible internal layout
- Dual street frontages
- Seismic rating of 90% NBS, Grade A
- City Centre zoning with a 42.5m height limit and redevelopment potential
- Excellent location near CBD and State Highway 1 motorway access
More information: https://www.colliers.co.nz/p-NZL67037442
