Colliers is pleased to present Cumberland House, a substantial mixed-use investment positioned in the heart of Wellington's dynamic Te Aro precinct.
Situated on approximately 2,606 m² of freehold land and comprising approximately 9,334.20 m² of net lettable area, this landmark property offers scale, diversification and long-term income security.
Anchored by Victoria University of Wellington under a long-term lease expiring in 2036, the asset delivers a diversified income profile supported by additional commercial tenants and parking revenue. The property also offers longer-term repositioning and development potential in a well-established growth precinct.
Originally constructed circa 1970 and subsequently refurbished and repositioned, Cumberland House incorporates student accommodation, commercial space, workshop accommodation and car parking facilities. The property provides multiple income streams and operational flexibility across its interconnected components.
The property occupies a prominent dual-frontage site to Willis Street and Victoria Street and benefits from excellent connectivity to Wellington CBD, Cuba Street, Courtenay Place and surrounding tertiary institutions.
*Please note all areas and values are approximates only.
For further information or to arrange an inspection contact:
Richard Findlay on 021 620 188 or email richard.findlay@collierswgtn.co.nz
Hamish Templeton on 029 127 0018 or email hamish.templeton@collierswgtn.co.nz
Alistair Robertson on 021 418 647 or email alistair.robertson@collierswgtn.co.nz
Features:
- Approximately 2,606 m² freehold site
- Fully leased asset with long WALT
- Multiple income sources anchored by Victoria University of Wellington
- Opportunity to enhance or redevelop
- Well-positioned in Te Aro with proximity to tertiary institutions
More information: https://www.colliers.co.nz/p-NZL67041149
