8 Gilmer Terrace presents a compelling opportunity to secure a landmark Wellington CBD office tower with significant repositioning and value-add potential.
Located in the heart of the CBD, the property provides approximately 9,947 m² (NLA) of accommodation across 14 levels, configured around efficient floor plates of circa 760 m². Designed by Warren and Mahoney, the building offers strong fundamentals including excellent natural light, harbour views from upper levels, and a central core layout supporting flexible future use.
The opportunity is underpinned by completed seismic strengthening (100% NBS), allowing an incoming purchaser to focus on unlocking value through leasing, refurbishment or alternative use strategies.
Currently providing holding income via the Ministry of Justice tenancy, the asset offers short-term cashflow alongside a clear pathway to reposition the building in line with evolving occupier and market demand.
With a high proportion of vacant space, investors are presented with the ability to implement a leasing strategy or pursue conversion options including student accommodation, hotel/serviced apartments, or residential/mixed-use. The building’s scale, configuration and central location support multiple future pathways.
Situated moments from Lambton Quay and Wellington’s Golden Mile, the property benefits from strong surrounding amenity, connectivity to public transport, and proximity to key commercial, education and hospitality precincts.
This is a rare opportunity to acquire a large-scale CBD asset with structural upgrades complete, existing income in place, and substantial long-term upside in a tightly held location.
For further information or to arrange an inspection contact:
Alistair Robertson on 021 418 647 or
alistair.robertson@colliers.com
Hamish Templeton on 029 127 0018 or hamish.templeton@colliers.com
*Please note all areas and values are approximates only.
Features:
- Central CBD location
- Harbour and city views and light-filled floor plates
- Accommodation, hotel or residential conversion opportunity
- 14 office floors of 9,947 m² (NLA)
- 100% NBS seismic rating
- Strong occupier appeal for corporate and Government tenants
- 33 on-site car parks
- Direct access to key arterial routes Wellington’s core CBD
More information: https://www.colliers.co.nz/p-NZL67040661
